tv Mad Money CNBC December 13, 2017 6:00pm-7:00pm EST
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the world. >> ross, do you remember your final trade? >> yes avis budget took out recent highs. >> guy >> tim is playing hurt target is absolutely breaking out to the upside. an i'm melissa lee thks for watching. see you tomorrow my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, 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 make you money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcrame can it really be true, be happy about a rate hike that will make
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business less likely to expand yet, that's what happened today. dow gaining 81 points. s&p tipping .0.5%. after the fed gave us its long expected quarter-point rate hike so the answer is, yes, but yes for a reason the departing fed chief has followed the footsteps of her predecessor telegraphing her actions months ahead of time her transparency which i hope will continue under incoming chairman jay powell is the reason why the market didn't get slugged when we got the hike now, there is a whole generation of investors out there who don't know the way these fed meetings used to be back in the day when they were edge of your seat occasions. everything was cloaked in secrecy. we never knew what they were going to do. never had anybody to figure out why they did it beyond the
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boilerplate statement that was g gobbledygo gobbledygook why does the market or dow seem to like this, enjoy a rate hike? a couple of reasons. first not so much that we like it, as that investors realize rates can't stay down here forever. even though there's not much wage inflation we have real estate inflation some people say we have a lot of stock market inflation rich people have free money. what they always say, free money that you have to pay for free money to play with and helping to put people to work even as we would like all companies to do more hiring. still we're almost at full employment and while we still don't have much wage inflation yet it's easy to imagine it picking up not like the housing business. with the economy roaring the fed needs to make sure insurance doesn't rear its ugly head and erode the value of your assets including stocks it erodes your retirement money. it's important to go back to the fed mandate.
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promote growth but fight inflation. or to use a cliche, where the puck will be, the sense that inflation will come back because money is too cheap and washington is throwing acetylene on the fire. ♪ hallelujah >> we can't have it get too hot because inflation is bad for business and bad for retirement. bad for stocks and since rate hikes are how the fed combats inflation these rate hikes are inevitable we trust the fed's judgment we're healthy enough to handle higher interest rates. we like the economic report card the fed gave us and it was a good one so buyers came in off the sidelines but both because of the positive checkup but because this is the last bad event before the end of the year which means very little to worry about for the next couple of weeks except for an event with an asterisk.
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that's what happened today that's history the bigger question is what's going to happen now? first i would say that a quarter point rate hike from these very low levels won't really do much damage to the economy or the stock market but we get a bunch of these, though, in an unmeasured, quick fashion and we will start to feel the pain. although, again, yellen gave you great comfort that the fed will be wary of doing so, yellen is going off into the sunset. we don't know what jay powell will do. higher rate also kill the bull if they make rates competitive aren't there either. as my friend ken fisher reminded me today, the late legendary john templeton, sir john temp templeton said they're born on skepticism, mature on optimism and die on euphoria. we're optimistic at 2018 and
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optimistic the fed won't kill the economy. optimistic more jobs will be created. and i'm optimistic stocks can keep running even though there's enough skepticism to fuel further advance as more money comes in off the sidelines now, i wish we were still in the skepticism phase there's not enough positivity to say we're euphoric now, there's plenty of it for these krcryptocurrency yellen didn't seem to take the bait and didn't think they're that important not like everything is going well we are not creating enough highly skilled jobs and our productivity isn't improving fast enough. i thought it was telling at the
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big job news today came from apple which awarded finesar $390 million from its advanced manufacturing fund that ceo tim cook outlined on the show. this investment will produce 500 new jobs and apple will buy their devices. a sub standty claim to buying america. i think finisar would struggle without aggressive deregulation we don't have enough lending lending is not growing at the pace it should it's actually doing quite poorly now, some of that is because long-term interest rates which the fed has little control over simply haven't been rising and the banks want to pay you next to nothing for deposits and lend out your money for higher rates so they make the big spread. if the fed was to start selling its gigantic hoard of long-term bonds, we can get the kind of
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boost in long-term rates that would spur lending yellen has steadfastly not one to do this, tim geithner didn't want to do it. maybe soon-to-be chairman powell will embrace the idea. they will give banks an incentive to write more loans including the people who need the money. that said we should always be on the lookout for euphoria because that's dangerous here's what to look for if you see it, this is when the show is going to change its tone first we see a tremendous amount of insider selling and secondary stock offerings to get lapped up by the market. something that happened near the peak in 2000 i'll pull the plug trading houses like they did back in 2007 we might be too euphoric i'll head out and see investors taking down a gigantic amount of margin debt we might be too euphoric if we hear outrageous price targets and bid them up without
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earnings and i'll tell you to get out. none is happening. we're in the zone, the zone where we feel good ten years after the economy and banking system were almost destroyed, i think we remain in the optimism phase, not the euphoria phase because tom people remember the devastation and staying in cash being too conservative as far as i can tell just like so many people of my parents' generation refuse to keep their money in banks because of the great depression. they don't even care we've got a fabulous worldwide economic expansion going on because they're too risk averse so am i giving you permission to party down with stocks, no way be careful not to own stocks of companies that do poorly we should always be willing to take something off the table no one got hurt taking a profit, build up cash on the sidelines, something we continue to do for my charitable trust.
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and we need to be ready for something that's less predictable than the fed under the terrific tenure of janet yellen thank you, ms. yellen, what can i say. john in new york, john >> caller: jim, how are you? >> i'm good. >> caller: u.p.s., 113, the stock skyrocketed to about 124 because of the tax bill and it's been in freefall since however the stock has been moving sideways from 117 to 119 analysts are expecting earnings to be 168. the highest it's been in a couple of years and earnings are coming out in february and dividends as well. u.p.s. does benefit from the corporate tax -- >> right. >> caller: from 32% to 20%. >> your thoughts they cannot screw up another holiday season an i don't know whether i can trust them i like fedex more and one that
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i've been telling club members, you've seen brad jacobs on, xpo. i think xpo is better than u.p.s. all right. thank you, janet yellen for your transparency and stewardship over the years it's been a huge part of it. we are in this age of optimism but home gamers, please remain vigilant cranes and convection ovens don't mix. seeing how much value was created when they broke up their business and smucker's found a bottom that can stick like peanut butter sticks to jelly? yeah, i'm talking jiff and why one former ceo wants to give companies a gold star for good behavior sitting down with former ceo of sprint dan hessky. >> announcer: don't miss a
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at a moment when stocks have run dramatically hearing experts talk about how stretched valuations are getting it's worth pointing out when they go up there's often a good reason like i told you last night companies aren't static. the best run businesses don't stand still. they take their fate into their even hands and create shareholder value. in other words, it's not just that investors are willing to pay more for the same merchandise it's that many cases that merchandise has gotten better sometimes you don't even need to create new value you just need to unlock hidden value. now, you know i'm always talking about breakups and i love them because they can be a terrific way for companies to get the respect that they deserve. when you have two disparate businesses under the same roof
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wall street isn't great at evaluating it. they tend to get better valuations because it's more easy to understand you end up with two leaner, more focused companies that can deliver stronger results over the long haul. so we're going to take a indication and go over what it means. we're going to talk about a company called manitowok maker of all cranes using construction that spun off its food service equipment business back in march of 2016 and the food division goes by well built. this was a textbook example of a company that actually deserved to be broken up. in fact, i recommended they should break themselves up and get rich carefully my last book there's no universe where cranes and kitchen equipment belong under the same roof. no one walked under manitowoc
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and said i need heavy equipment and need a fry master. cranes like anything else leave it to construction are a boom and bust business. when the economy is strong their crane sales explode hard when it cools, what can i say? their crane sales tend to fall off a cliff. food service on the other hand is more consistent it's leaving to a different cycle. new restaurants and upgrades equipment at old restaurants think this at the time the breakup was announced manitowac was suffering and the foodservice was accelerating investors wanted to bet on beaten down sickically cal didn't want food service exposure other investors who wanted steady eddie food service play, well, they didn't want the risk that comes with betting on a smokestack stock one of those -- >> sell, sell, sell. >> didn't add up and manitowoc
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wasn't doing well announcing major management changing after they had an ugly quarter >> the house of pain. >> but they had something else to announce the long awaited breakup. with the company deciding to spin off its food service division thanks in part to a major push from shareholder activists like carl icahn. i got a nice bounce but didn't last the crane business was too troubled and manitowoc continued to struggle. when the split was announced the construction side was experiencing double-digit sales decreases. nobody wanted to touch it as long as it was joined at the hip with something some boom and bust since the breakup it's been a success. it took them some time to get running. in 2015 the sales shrank by 19%
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operating declined by more than 60%, ouchl you don't turn around from that overnight. it wasn't that good for manitowoc. but when the company reported back in august suddenly everything seemed to kick into high gear. suddenly they saw its orders increase by 9% year over year and backlog grow by 25%. that's what we call inflection point and went from bad to good thanks to an improving company here and around the world and didn't have enough stocks like this caterpillar and then caterpillar and -- right, and manitowoc. once it spun off its food division it was good since august the economy has been roaring and thus the stock has been on fire and reported the company delivered a monster top and bottom line beat with
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its sales increasing by 14% year over year. first positive in ages wall street was looking for a loss what's driving it, some with the rebound in oil and grass, crude back in the mid-50s. 30% of where it was. much more demand and some of it simply because the crane market has turned the corner thanks to the glorious worldwide economic expansion. the world. much more construction and infrastructure spending. you go -- if you go to the website they have things everywhere not just in a couple of cities and plain old self-help. as they have gotten aggressive about containing costs in order to get the most out of this economic expansion by the way i think it's got much more room to run here. it is levered to the worldwide global economy which i think is doing well that food service division well, remember, had this started
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trading as an independent company it was the desirable portion of manitowoc so when the artist known as wellbuilt began trading on its own it climbed from 1350 to 1850 in a matter of months, a horse right out of the gate clearly a voracious appetite and investors didn't want to touch it while it was buried within an ailing cyclical. since then things are choppy and wall street has gotten more pessimistic about the restaurant industry i think maybe too pessimistic but wellbilt has worked its way higher, 22 and change up roughly 64% from where it was at the time of the spin-off and the company keeps delivering solid results and spoke to its ceo about a restaurant-related fear last month he told us welbilt is outgrowing the rest of the industry at a time when we have too many restaurant, many existing players are investing to upgrade their equipment so they can give
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diners a faster and better eating experience. right now welbilt has a more reasonable valuation after spending so many years under valued it's so cheap i suggested at arecent deal economy conference it could be bought by its competitor or berkshire hathaway because they are such a compelling property. so how have you done, this is the real -- the issue, how have you done if you owned it since the breakup. the tock trading at 4.04 and one for four reverse split so split adjusted the stock is has gone from $16 and change up to nearly 40 as of today that's a monster 145% gain at the same time welbilt went from 13.50 to 22 bucks and
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change, 64% change all told, get this, if you owned this sleepy little crane and food service fry master company that is manitowoc and held on to both pieces you got an 83% s&p up 34% and on fire here's the bottom line, like i've been saying all along, companies have their own unique characteristics and the decisions made by management actually matter. not just a big basket of stocks. even without the breakup manitowoc would do much better here but a great deal on this comes from the fact that with a stroke of a pen, management broke up the old business and gave investors two smaller, much more appealing companies i say, three cheers for mani manitowoc and sometimes it's that easy including my take on one that you'll know called j.m. smucker. you've got their stock it's over 10% the past three months, after a steady decline,
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generational bottom in 2009 up to $157 in the middle of last year but then it slammed head first into a retaining wall as the company's growth started slowing down and the food space rapidly fell out of favor with the wall street fashion show. roughly five weeks ago smucker's stock broke down below $100 but reversed again thanks to an earnings beat back up to 118 so should we all jump on the smucker's' stock bandwagon not so fast. here's the problem not smucker's first attempted comeback since its decline began over a year ago. we've seen this thing try to turn around before and every time the rebound has fizzled and the stock ended up going still lower breaking a lot of hearts so, what, if anything, makes its different than all the others have have they bottomed offer
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merely looking at a very compelling head fake before we answer that we have to get context. what made it so hot for so many years and why did everything fall apart in the summer of 2016 before the big breakdown their stock were higher as the company transformed itself thanks to a series of very smart ago which signatures smucker's went from jams and jellieies to coffee and pet food where they snapped up a bunch of big brands including meow mix kibbles and bits and milkbone and the strength of these for awhile gave them real life but in august of 2016 the stock peaked at 157 bucks and tumbled to 99 about five weeks ago man, that's a 36% decline for what we thought was a staple, right? consumer foods we didn't think it would go down but smucker reported a shortfall which management blamed on food deflation.
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something that slammed the whole industry after several quarters of rapid double-digit sales growth they developed a 7% sales decline granted the numbers were bolstered by acquisitions but a significant downturn for something like this. it went from being one of the fastest growing if not the fastest growing package food company to yet another bad house in a real bad neighborhood plus, the decline seemed to be indiscriminate national across the food -- across food, coffee and pet food although human food was the worst performer. every single one of their lines has seen broke down and rather -- but i saw it took my breath away. smucker's did manage to contain some of the damage by cutting costs so there was only a little earnings shrinkage but that one quarter cost them its status as a growth stock no longer a growth stock three months later they posted a 7.9% sales decline and when it shrank in february and 1.3% in
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june that's very, very different from the 20% plus sales growth smucker was delivering before the slowdown this thing -- this was the darling and it became the enemy of your capital. though what made the decline so devastating, though, was that there were so many false bottoms along the way. in november of last year smucker's started bouncing going from 122, okay, to a high in february of 143. everything looked so good then nice gain. but by april the stock was back to lows that it hadn't seen since the last of -- since november 2016. then it may, okay, it seemed to find a floor of 124. climbing to 134 in early june. a lot of people felt the worst is over. within weeks the stock had given up all those gains then smucker bounced from 114 to 122 in august, but it was making fresh lows again when the days -- within days thanks to a disappointing quarter.
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can you believe this hope, hope, hope dashed, dashed, dashed we caught another 111 to 103 bounce from august to september and by mid-october it erased the whole move in short every time they have seemed to get real traction in the past year and a half you have been punished for getting too hopeful and buyers have been annihilated. for example, when the company reported in june management guided for 1% sales increase in their 2018 fiscal year suddenly they felt like the worst was over and upgraded from a hold to buy but when they reported again in late august during the first quarter of their 2018 fiscal year they missed big times and sales were down 3.7% and, again, it's like coffee we all thought this was a staple didn't think it could go down but it got crushed consumer foods getting crushed even as pet food was on the mend and the earnings per share
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shrank by 19%. ouch stock gave up 9.5% in a single session annihilating anyone who bought it betting on a bottom right here seemed like the right thing to do stock down so much now you fast forward to early november and the stock briefly drifted to below 100 wow. where it started bouncing again. it's worth noting even after some major estimate cuts at that level smucker's was trading 12 times next year's levels that may have been too cheap for value guys to ignore when they reported november 16, unbelievable the results were fabulous. terrific top and bottom line beat company's first year over year sales and coffee flat not down big. consumer foods down 5% better than 8% it was experiencing and pet foods up 4%. international food up 5% conference call was good and management sounded upbeat.
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they are earnest guys and it vaulted 9.5% on the news, this move the mirror image is 9.5% decline in august and analysts mostly raised estimates and enthusiasm for a company left for dead. is this the bottom for real? or is it another fakeout for a company that's all these fabulous brands we've come to love i don't use -- i don't use a lot of peanut butter but if i had to i would use skippy for what it's worth. my executive producer is a peter pan person and wearing this big black swan i find it intimidating okay, anyway, the current -- how are you doing? the current comeback has things going forward that the earlier rebounds didn't have it lasted longer now up nearly 19% from the november lows failed bottom, that's good news even after trades of 15 times next year's earnings wall street has gotten less
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negative on some of the pantry stocks some because food deflation has gotten better. in other words, smucker has a better backdrop than it did before and same goes for apparel and supermarkets the bottom line, j.m. smucker has burned investors so many times, that as much as i want to say you go in the water, it's fine, i can't do it i got to remain cautious. this is still a very much show me story because of all of these disappointments that we keep seeing and one good quarter dogs not necessarily make a turnaround i'd like to see a second strong quarter in a row even if very to buy it here before i recommend smucker wholeheartedly if you want todip your toe in it and start a small position i've give you my blessing. in the end it is a high quality company run by a family historically generated better
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returns than others in its sector the family is good, hands-on and i think it can ultimately reinvent itself all over again let's go to thomas in georgia. thomas >> caller: hey, mr. cramer thanks for taking my call. >> my pleasure >> caller: i have a long-term position in kroger i bought it in stages but before i could put on a full position, it went above my basis so i stopped buying and then it got amazon on the bright side i now have an opportunity to lower my basis and so my question, given its advance in recent months is it wise to add to my position >> no, thomas, wait for it to come down. it's been in a straight line from 20 to 26 and do think they're doing a lot of things that are right it's not just amazon, two german companies and a lot of competition so we can't get too excited or at least let's do this wait till it pulls back to 24. this has been a rockawet ship.
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to stephanie in massachusetts. stephanie. >> caller: boo-yah, jim. how are you? >> doing well. how are you. >> caller: i'm doing great i have a question for you. america runs on dunkin but how do you feel about the latest scandal? >> look, obviously that's bad news but i have to tell you consistently dunkin has done better than i thought and far too critical of them versus how well the stock has done and i've got to tell you i think it's going to -- we'll look at it as a speed bump and got to say, you know what, this is a good company with a good stock. and, by the way, real good coffee okay with a name like smucker's maybe you need to be cautious. i think it's a show me story still. if you want to dip your toe in because it is so well run i'll give you my blessing and invite mark smucker on the show because he's dynamite. why not?
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much more "mad money" ahead including my ecumenicxclusive w former sprint ceo dan hesse. what does he make of all the action in the telecom space. could wolverine be joining forc forces and all your calls rapid-fire in "the lightning round" so stick with cramer. at t-mobile, when you holiday together, great things come in twos. like t-mobile and netflix. right now when you get an unlimited family plan, netflix is included. ho ho ho! t-mobile covers your netflix subscription... best christmas gift ever! ...so you can binge watch all year long. now you're thinking christmas! and now when you buy any of this season's hot new samsung galaxy phones, you get a second one free to gift.
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there's something we need to address. most of the time you see me on air i'm talking to you as your investing coach. my job to help you understand the market from the perspective of a smart investor what we care about is what makes us money. tax bill blows a giant hole in the deficit. irrelevant makes a ton of stocks go higher. wages are relatively stagnant. bad for everyone who works for a living but terrific yore four portfolio because growth without inflation is great tofor stocks we can't pretend other issues don't exist. we have real lives where we care money is not the most important thing in the world
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you know that, i know that just the thing i know how to help you with and while corporations have an obligation to make their shareholders money a company's actions affect more than just its investors. and that's why tonight i want to talk to dan hesse, former ceo of sprint here on behalf of just capital. a nonprofit research organization that produces rankings and data driven tools to help people see which companies do the right thing "forbes" released their 2017 list of just companies ranking the thousand largest businesses in america based on worker pay and treatment, customer respect, product quality, all of the things that we talk about way too much on matd "mad money. mr. hesse, welcome back. we miss you, your integrity, your character we miss everything that you bring to corporate america which is why it didn't shock me when you said you're doing just capital you are trying to do
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something to make companies be more like how you think companies should be which is all these great criteria tell me about just capital and how you arrived at these and what matters. >> just tap tall did a survey of over 32,000 americans to see what kind of behavior they wanted to see from companies they buy products from, invest in, go to work for and so what we' we've down is taken those, let the american people decide what just behavior is and then we've gone out and gotten hard facts and ranked them from 1 to 1,000 based upon how just they are and based upon those criteria. what the american people said 96% wanted somebody to bprovide them with this information and 80% would say they would use it. >> no one has ever done this no one glassdoor is terrific and periodic polls that some
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companies are admired. this is different. >> we use glassdoor data and all sorts from other sources so glassdoor has really rich data with respect to how companies treat their employees, for example, so we use a variety of data sources but comprehensive. >> what is most interesting, a company i revere, intel. ranked number one, brian, always an amazing company and they check off on every one of the boxes. >> particularly good in what you see in terms of companies that performed well, they tend to have, if you will, employee centric and customer centric focus. >> i was surprised to see how many technology, nvidia, bimage, cisco. where are the -- where are the just kind of consumer product companies, procter, number 15 and nike, 14 but why all these tech companies so responsible in just capital >> i think part of it is
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keaching up with one another they're competing for the same talent competing for the same muster customers. a big piece of it. >> what led me to the conclusion here is that there is something in the "mad money" way that i was talking about in the beginning. an interesting way to think about companies and how companies do well. because these companies all tended to be fabulous performers >> yes and what we've seen from a financial performance point of view is that you have about a 33% higher return on equity of these companies that do good things so about 24% return on equity over the last five years versus 16% for the other thousand companies. >> did you get a feel for what people feel about the tax bill for corporations getting more money? i mean, is that something people want >> what we're seeing from the data is that we believe that from the people out there will want to see what companies do
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with the we'll call it the windfall of additional money from taxes or repatriated cash they don't want to see companies buy back shares, increase dividends, in essence if there's one overall theme in the data, it's that they believe companies are focused too much on just shareholders versus the stakeholders shareholders, yes, important but your employees are number one and your customers are number two so are the communities, the environment, you know, a lot of other stakeholders so they will want to see companies take it and invest in their employees and in some of these other areas. >> better return on equity i can't rescission you came from sprint state of that industry, at&t trying to buy time warner, we're worried about is t-mobile -- all the same characters we used to talk about, maybe some new ones but where are we with the phone
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companies? would you let that time warner deal go through? >> well, i don't want to opine on that particular subject i do think, though, from an antitrust perspective the traditional industry lines are blurring i mean so you say amazon, what industry are they in and i think -- so i think that some of the criteria need to evolve with the time. >> all right, fair enough. i do want -- this list posted on the website because these are companies i admire because they're admired by your empirical survey >> one thing i would add is with all of the differences politically, the results between democrats and republicans were amazingly similar in the survey. >> one bit of unity in this country. dan hesse, former ceo of sprint and board member of just capital. i thought this was extraordinary and i want to buy shares in a lot of these companies because just capital rated them well "mad money" is back after the break.
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"the lightning round." >> sell, sell, sell. >> buy, buy, buy >> are you ready, skee-daddy start with dave in florida dave >> caller: hello, mr. cramer dave ess calling from the florida pandit h . >> i am with us. what's up? >> caller: hey, i saw maker of electronics component company called kemit, had a great earnings or looked like it and almost in half trading sideways. >> that's a cheap stock. i mean, i think that's a cheap stock. i don't have a catalyst but i like it and that's the kind of stock that would be working. i'm surprised it's this low. dominic in new york. dominic. >> caller: boo-yah, jim. >> boo-yah. >> caller: calling from buffalo, new york >> what's up >> caller: love your show.
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hey, interested in your opinion on momentum holdings. >> no, too dicey i prefer finisar anthony in new york. >> caller: how are you, jim? >> what? i'm doing great. what's up? >> caller: mass incorporated. >> staying away from them. john >> caller: good afternoon, jim enjoy your show. appreciate your advice >> all right >> caller: my question or concern is applied materials. >> i like applied materials. i've got to tell you that it's been debated but so many semiconductors but it's good tony. >> caller: ba-ba-boo-yah. >> good boo-yah right back at you. >> caller: my stock akca. >> we just had sanja on. bill in new york
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bill bill >> caller: this is jill in new york i'm calling -- jimmy, i'd love to know about teva. >> i don't want you to touch it. and that, ladies and gentlemen, is t"the lightning round." >> announcer: sponsored by tt. ameritrade ok, like what? but i thought we were supposed to be talking about investing for retirement? we're absolutely doing that. but there's no law you can't make the most of today. what do you want to do? i'd really like to run with the bulls. wow. yea. hope you're fast. i am. get a portfolio that works for you now and as your needs change. investment management services from td ameritrade.
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scale, got to have scale i remember when i first heard that term scale. it was when i started thestreet.com 22 years ago and meet for bankers begging for money and said, jim, you aren't scaling fast enough to which i'd reply i'm scaling as fast as i can but every single bank could tell me we're out of here without more scaling spend our money like crazy and go for huge scale we will give you every penny you want and then some. i thought they wanted me to develop psoriasis they were so scale. if you don't have scale and heft, aren't big enough and aren't dominant you won't win or, worse, you might not even survive as we saw with so many other dotcoms. scaling can be offensive and defensive, tomorrow we understand walt disney will buy a big chunk of the fox empire namely the studios,
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entertainment. fox regional sports network. the price well, don't ask. disney, disney is in the position i was in 22 years ago they'll be getting huge scale. and with this deal, well, i'll tell you something, they need the scale badly. why? because as big as disney is, the problem is that apple, facebook, alphabet, amazon and even, yes, netflix, if you think about it, there is that pesky fang thing and more add dollars, maybe i've learned to be scaly but a testifying deal. they will have a hammer lock on sports programming with espn and fox regional sports and perfect for their acquisition and have a huge amount of must-see programming giving them more
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bargaining program like amazon, apple, alphabet and more theme park rise and the deal is offensive in that they will not be left out. you can see the programming regardless of the device so this whole court cuts conversation ends, eyeballs will go somewhere and disney has to be wherever they go but also defensive, i'm sure bob iger is wondering why didn't the guys at amazon or alphabet outbid them not a lot of beachfront property fox's assets are a prime piece of real estate disney had to pay for it but didn't want to going to the f.a.n.g.s. it presents them with new opportunities, if bob iger wants to he can package espn and fox sport, the regional networks then put the combination up for sale and spin it off to shrin s sharehold shareholders that would cause them to rally either way disney has bought itself time and boxed out its real enemy, the digital titans
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prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. hat's off to bob lan from our off the charts segment caterpillar, one of the biggest gainers today. remember he told you he liked the chart. also so glad the buyers are circling back to adobe one of my absolute favorite tech companies that's been kind of drifting down. those kinds of stocks need to go back up in order for me to be a believer that tech can be the right place to be between here and your end with red hat i like to say there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer.
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le see you tomorrow. >> 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." ♪ who believe they've created a better version of something all babies need. ♪ hi, sharks. my name is susie taylor, and this is my husband. hi, sharks. my name is steve taylor. our company is bibbitec, and we're here today seeking $40,000 for a 14% stake in our company.
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