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tv   Mad Money  CNBC  March 22, 2018 6:00pm-7:00pm EDT

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>> what is a home builder that has three letters? nice >> where are you flying to to you united health. >> . 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 you want to make friends i'm just trying to make you some money. my job is not just to entertain but teach you. so call me, 1-800-743-cnbc or tweet me@jimcramer it is brutal out there if you take away everything we want to buy, then you're going to take away the bull.
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that's exactly what happened today. there simply weren't enough sectors to buy and it led to a tsunami of selling, with the dow plunging 724 points s&p plummeting 2.5%. nasdaq diving 2.43%. what do i say when i say they're taking away everything we want to buy let's start with tariffs the president is installing tariffs to combat the chinese. either way, you have to understand that any company with potential business in china is shake being right n shaking right now, quaking because we don't know what the tear evers wi tariffs will be on and how quickly the chinese will strike
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back, although they said tonight they would strike back quickly i don't know why so many people thought he wasn't serious. maybe they thought the president's advisers would talk him out of it. i spent four years working with larry on kudlow & cramer, and told him that he likely only aftgo the job after agreeing with the president beforehand on china. in all honesty, if you're a major believer in free trade like most investors, you should breathe a sigh of relief, why? because we're only targeting china, not the rest of the world. for me t was more a positive, not a negative i was only thinking he was going to hit china but worried that he
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would hit germany too. will they have a surcharge on every starbucks latte? will they have tariffs on caterpillar? will the tariff be the last? china may put tariffs on its shoes. maybe they just go that far to send us a message. perhaps they'll target general motors last year, gm sold more than 4 million vehicles in china. that's 43% increase over what they sell here how about elevators? i could go on and on i don't know a single major industrial that doesn't have a huge chinese business. like it or not, the prc is one
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of the major factors in growth second, the major reason we not blowed off is the rest of the world was having a synchronized expansion, and we have our on tax reform but this morning we got pretty weak industrial production numbe numbers out of europe including japan. we probably would have been slammed anyway just on europe alone. the stocks in the european banks have been getting crushed. that is a terrible sign, people. we got over that years ago when tim geithner was treasury secretary. yesterday we gave up on europe for my charitable trust. we didn't want any exposure, because things had gotten too tepid over there consider this. yesterday, an expert and my co-anchor at the time, will
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frost, that santander was the tightest bank in europe. third, without the synchronized global growth with the rate hike, there were plenty of people wondering if the economy was going to slow down rates plummeted today, just when you expected them to go higher plus jerome powell's positive tone made you think things would be okay with interest rates. things are better, but when longer term interest rates go down, bank stocks get hammer that's what happened today a lot of people were in the group going for the rate hike. and you know what? they got the stuffing kicked out of them. how about tech many of our tech companies have been selling into the prc for years. and china's not like the u.s
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their system has few checks and balances if president xi wants to downright ban all the sales of appli apple iphones, he can do it. every tech company in the world, including ours, covets china the fears of numbers cuts are way too powerful for anybody to step up to the plate and buy today. you know what, we could get down riches based on what happened. it gets worse. while i like the apology mark zuckerberg offered and the apologies offered by facebook's cheryl sandburg, or our own network this very evening, without appointing a special outside investigator to look into this, no one is going to believe this data handling problem is behind them they need to create some rules but there's something else at play here.
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people are becoming disenchanted with tech. particularly something they loved until recently they're becoming disenchanted with artificial intelligence what facebook did was basically allow bad guys to data mean and make judgments about people using artificial intelligence. you know what else uses ai self-driving cars. countless tech companies are trying to get a piece of the autonomous driving market. it's a huge opportunity. but the roadside fay at that time -- fatality we got earlier this week has slammed the brakes on that technology i think it's going to be tough at the same time, when you listen to people gripe about facebook, a lot of that backlash has to do with big data and artificial intelligence. people don't want their information given out to companies who can then mine it or exploit it. the simplest way to regulate
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would be to say that nothing from facebook can be sold to anyone no information maybe amazon should be similarly regulated so the company can't plomt you to buy something that's similar to your past purchases. again, i think that's very unlikely but when you have facebook saying please regulate me, people start to worry about these things you think we could hide in the stocks of domestic entities, and you'd be right, except darden, the owner of olive garden changed up its menu. the stock dropped almost 8% and it kicked the restaurant notice shins. how about consumer goods general mills yesterday, inflation soared while sales barely held steady the fact that conagra reported excellent numbers with the
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inflation well under control did not stop the slide then there with just random hits oil dropped big, taking down the whole oil patch. aluminum and steels got pole axed the drugs, the company had a real setback with the critical trial for the lung cancer drug and the stock lost about 13% the bottom line, if you give us nothing to buy, we will sell the controversies are finally coming home to roost and the sellers, let's just say, they're coming right along with them and that's how you get a hideous day like today kevin in georgia, kevin. >> caller: hey, jim, boo-yah >> how are you. >> caller: good, good, good. i'm calling about dps. dr. pepper and the merger last
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month. i got a pretty good 40% return it peaked and now it's falling, and i wonder if i should hold or sell now >> there's a special dividend involved and it's confusing people. and it's going to keep people out of the stock until a if you wanted to, you could sell it and i would bless that, okay i know that's a little exotic. but that is a decent idea. let's go to brian in north carolina brian. >> caller: boo-yah, jim, thanks for taking my call >> of course >> caller: well, first, congrats on the eagles. you got to watch out for the carolina panthers. it's going to be their year next year >> all right, i'll deal with that when we get to it, frankly. >> caller: i wanted to get your thoughts on this chinese company that's been tanking, two double digit decreases. i'm talking about bit auto,
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b-i-t-a, and i'm concerned that there's tariffs in the market for automobile companies in china and the fears on the impact the tariffs will have >> i'm not a fan here. i think there's other places to be involved. i've only liked buy new and allalli baba and i'm going to say bit auto is not worth the risk >> with stocks selling off on trade war fears, i'm worried about trump's america first view with the do yw down over 700 points, i'm ready to hear from you. and we're doing a head to head, lack being looking at two giants, home depot and lowe's which company reigns supreme
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don't miss a second of "mad money. follow, send jim an e-mail to "mad money" @cnbc.com or give us a call at 1-800-743-cnbc miss something? head to madmoney.cnbc.com. hi, i'm bob harper,
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very tough day dow dropping over 700 points fears of a looming trade war so why are people so terrified by these tariffs in china? now i'm not one of those people who thinks protectionism is a dirty word but there's a reason why protectionism causes so many investors to sell their stocks at the end of the day, our economy and our market are sort of hostage to the whims of the super rich in the country. to make them feel good, they invest more of their money, create more jobs make them feel bad, and they put their money somewhere else
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fewer jobs, less growth. that's how capitalism works. you don't have to like it, but you have to recognize that what i just said is true. the thing about tariffs is that the wealthiest people in the country have done incredibly well by free trade having a president for more trade, trying to get more deals done, that had become the american way and it's been working in terms of percentage of trade deficit as we heard yesterday from fedex as part of the gdp in the last ten years. in the past, our presidents and business leaders believed it was their duty to president free markets and free trade all over the globe. president trump does not share that philosophy, and it's starting to da starting to dawn on the business community that the free ride may be over. everything before that trump did was designed to make business leaders feel better.
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the combination was a huge boost to all the companies, not just domestic ones, and you could sense how much confidence there was when congress passed tax rae form and then and then trump announced tariffs. tariffs make the business community, the wealthy, the elites, feel worse some of these companies, like fedex and starbucks and apple only benefit so much by this open door policy could be hurt and hurt severely. but most businesses in america believe in free trade with almost a religious fervor. they think tariffs are economic suicide. when they think things will get worse, their own negative attitude will create a self-fulfilling prophecy i happen to think they are wrong. laissez faire is not the best policy there's a cost to standing up to the chinese, andyou're startin to feel it
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every year tens of millions of chinese become wealthy enough to my an iphone or wear expensive american makeup. yes, they take our manufacturing jobs, but boy, oh, boy, do our companies make money there starbucks is huge in china fedex is the company of choice for exports. some think targeting manufacturing, that's simply the cost of doing business with china. the idea of a $1 tariff on starbucks coffee, something i asked the ceo about seemed fanciful now it seems plausible planes may be forced to sit on the tarmac while chinese shippers roll on who would know the difference, but they could do it it's something within the realm. and it doesn't even need to be announced. that's why fred smith of fedex thinks it's dumb to have tariffs
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on china he's the ceo it's right it that he cares. he has a fiduciary care. univer universities are pro free trade. wall street is pro free trade. anybody who's anybody believe that manufacturers should have the run of the joint and in return we can sell lots of our product now we have a president who's saying that's not how we operate anymore. what happens of course the stock market gets crushed because nearly everybody with money is freaking out and think this is is lunacy, at the same time, there are a lot of working people in the rust belt who might benefit from these policies, but they don't have the cash to take the other side of the trade, so the market falls, and that's what today's break down was about as long as the 1% brieelieves in
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three trade at any cost. that's why i've been warning you formonths about this, even though i agree with trump on this all right, lots more "mad money," i'm opening the phone lines to hear you, cramerica let me help you. and after today, a lot of people will be looking to rebuild portfolios, so i'm taking a look at home depot and lowe's we had a piece on real estate trust a few weeks ago. i'm sitting down to hear the other side of the story. stick with cramer.
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man, i feel like, i feel
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like i'm going to have a lot of these late lly, days that start rocking and the bottom starts to fall out believe me, i've lived through too many while no one wants to lose money, i am urging a longer term respect. the bulls took fire from all sides today. but we know that nobody made a dime by panicking. and i'm here to help and coach and explain to you so tonight we open the phone lines for the sell-off strategy session. let's start with larry in massachusetts. >> caller: thanks for the fireside chats, jim. >> no problem. >> caller: with the behavior of this market and the catalysts that are driving it, volume accelerating for the last 15 months and program trades in the
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last minutes, can you set out a few strategies as to be greedy when others are fearful. >> you know we told club members yesterday we did a huge amount of selling, nobody really wanted us to sell, but i wanted to get ahead of what i thought would be a big sell-off now what you have to do is keep your powder dry and wait for the sell-offs and begin to do some buying we will find more out about the tariffs, and when we do, we'll be able to take advantage of it and buy the stocks that have come down too much that's how we do it. we've raised the cash already. i told people to sell even if it meant to sell some good stocks so we could get to this moment and do some buying dave in delaware >> caller: hey, jim, boo-yah, first-time caller. want to let you know that we are huge fans of the eagles down here in delaware >> there you go. absolutely, mm
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>> caller: yeah, there's a lot tho, i was impressed a few months ago at the time, it had been on a good run i thought the metrics were still excellent. and decided to take a smaller position my confusion is that the stocks dropped over 25% since they peaked in late january, and other than the aluminum, i haven't seen many reasons for it dropping like that, should i be concerned in a concerned? >> here's the problem. bob martin was on. he did say that labor costs had gone up, okay? ra labor costs going up is something we don't want to see, but it just happens to be the case now interest rates are going up. people think they don't buy as many recreational vehicles when rates go up. i expect this stock to go down before it goes higher.
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now it's up to you if you can handle that volatility how about chris in texas chris? >> caller: hey, boo-yah, jim, thanks for having me on. >> quite welcome >> caller: just before i ask my question nelson agholor dumped on my brother. but fly eagles, fly. >> he looked good all year how can we help in. >> caller: you won me over $1,000 in fantasy football so i'll take it my question is, it seems like the bio industry less affected by what's going on in the market, do you think now's the time to get into these types of stocks with auph >> believe it or not this is sell-off based on a slowdown slowdown from technology, from a belief that tariffs are going to hurt the economy, and what you
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do when you have a slowdown is go for the highest growth stocks so when things settle down, it's going to be the fine names that start doing about thbetter fast. today, darden brought those down olive garden, they made it so the group seemed untenable retail, domestic and phang is what's going to work let's go to curtis >> caller: i hope you guys are faring well with the weather >> could be better, how about you? what's going on? >> caller: as a long investor, i sold some facebook today, still maintaining a position, also opened up a position in wendy's, as it was holding up really well your thoughts would be appreciated on those moves >> let me ask you point blank. what is your time frame before i
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suggest buying some stocks when do you need this money in. >> caller: i'm looking at four, five years out >> all right, four, five years out, then you're going to have to be a buyer tomorrow, not a seller they're throwing a sale. it is involving, not knowing as much about the tariffs as we like the arket's gotten very oversold, a four, five year perspective. you've got to buy the best growth stocks and put money to work the charitable trust, i am not saying we have to hold our nose and buy, keep our eyes open and look for what to buy jerry in texas >> caller: how are you today >> when people lose money, i can't be happy, but how about you? >> caller: i know the feeling. i feel the same way. jim, i'm calling about dominion energy midstream partners, symbol dm. i bought it a couple weeks ago at a 52-week low, about 25,
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since then, it's dropped to 16.50 today. do i hold, drop? >> this was downgraded by bank of america and that was because of worries about this tax ruling. now i have to tell you, this group is the kiss of death we have one for action alerts. i'm trying to bring it back. if you subscribe to the club, you know how pains taking i've been about trying to stay away in the oil patch what you have to do is bide your time with this don't sell it. it can bounce back, but don't put anymore capital in it. how about cory in illinois >> caller: hey, cramer, how are you? >> good. >> caller: today the earnings and the stocks went down and it's trending down afterhours, could it be due to the proposed tariffs? >> they preannounced a good
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number and then they announce a number that was really, really good, but it wasn't good enough compared to the preannouncement. it is discouraging to me that people would sell on this. but that's not up to me to determine. i think if the dropbox deal gets very, very high and starts opening up big, people will start getting antsy. maybe that number wasn't so bad. honest to god, it wasn't much more mond"mad money" ahead. there's no trade war component and a mall player with over 50 million square feet of real estate, is it driving all the shoppers away, or could a more confident u.s. consumer boost the business of washington
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primer and we have the lightning round. so stick with cramer
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in a very challenging climb f -- climate for retail, the home improvement has stood out. in recent years, home depot had pulled ahead of lowe's though in a major way. while it's always been a superior operator, i think it's worth asking why home depot saw a 7.5% off. and like so many other names,
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they haven't bounce nearly at all. at these levels, it pays to wonder, which one is the better buy? when the smoke clears, i think people are going to return to domestic retailers that don't have trade problems. so tonight, thinking about those issues, i want to stack these two chains against each other for when things get better because it doesn't get more apples to apples than home depot versus lowe's. why do i prefer the despot a lot of it is empirical for the better part of the last decade, depot's had superior sales. they increased by 5.6%, while lowe's saw their numbers rise by 4.2% and if anything, the disparity is expected to get wider and worse. the two companies have been a bit closer historically. but last year, lowe's got a
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boost by the acquisition of a canadian home improvement chain. but this year, the despot should grow this isn't like one's great and one's a goofus while the numbers are expected to converge this year in the mid-20s, i expect home depot will eke out another win this is not how things used to be way back in the day, from the late '90s until the financial crisis, lowe's tended to be the better operator. had i been doing the show then, you would have heard me come out and say buy lowe's but then for the first half of this decade, it was a close race with home depot pulling ahead. it's kind of a real horse race between these two. but lately, home depot has had strong numbers which translates better for the stock lowe's stock has only advanced from 75-86
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now you're talking a huge disparity. what has explained home depot's dominance? it has a superior attitude and state of mind, like steven segal in "hard it to kill. first, maybe, just maybe, it has better technology than lowe's. we know these guys have significant investments in tech. back in 2010, they started giving smart phones specifically designed for their stores to sales associates even in 2015, mark beniott was talking about how they work with home depot and set up a new model of customer service. sales force is the best in the business when it comes to software to manage customer relations. home depot really learned and leaned into the cloud, both for
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connecting with customers and coordinating its employees they were well ahead of the curve here a little less than a year ago, home depot rolled out its latest app, an in-home selling planning tool, to schedule appointments and provide customers with detailed quotes so they could close deals as soon as possible. it was great the app is well designed they were doing buy-online, pickup in the store before bopus was even a thing and the big contractors is where the real money is. credit where it's due. lowe's has been investing in new technologies, but they're kind of behind the curve. they just started working in the cloud back in september. and while the company has very good app the of its own, it
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landed on the list of the best companies in augmented reality they were still lagging in technology to improve the shopping experience and snare contractors. do not get me long lowe's realizes there's a lot of catching up to do on the tech front, and they've gotten aggressive about it, but it seems to me, home depot has more of a focus on its big ticket customers and winning them over. winning them over is everything. with shorter lines and better gardening supplies i have a pretty large sample side but it is all a question of technology, i don't know i got another theory, too. this one's a little more straightforward. perhaps lowe's overextended itself with that canadian chain. it's taken the company time to get those out to the rest of the
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business lowe's has actually done a pretty good job with rona. now i bring all this up because home depot and lowe's have seen their stocks get slammed lowe's is down 21% from its late-january all-time high. home depot is down almost 16%. they haven't bounced back yet because of fears of higher interest rate. which has been a hindrance to their stock than to the rest of retail it's been a hindrance to home depot's stock. you know what? right now, the discount is deserved, based on the numbers lowe's is a little more risky, hence why it's cheaper bottom le bottom line, i think the latter is a better buy than the former
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perhaps because of its better technology or lowe's is distracted by acquisition of row nachl -- rona when the market settles down, this domestic retailer, with no trade exposure, will be one to buy. i'm going to go to frank in new york frank! >> caller: this is frank from pelham >> you're up it's jim >> caller: i bought usg after the hurricanes in hugh stoustond miami and puerto rico thinking they would need sheetrock. it should be going through the roof what's -- >> interest rates. they just say usg is sensitive to interest rates, therefore it's going to go lower as rates go higher. i got to tell you, this is the
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guilty till proven innocence thesis since i started buying stocks in 1979 jack in massachusetts. chak >> caller: big boo-yah from massachusetts. thanks for taking my call. my question is illinois tool works. it's dropped significantly i was wondering what your opinions were with all this volatility >> you've been reading my mind i've been going with my team for action alerts. we're trying to figure out what to tell club members we have a small position left. i am not going to fight anyone from taking a profit in itw. when the smoke clears on this one, it could go much higher but you know what, i understand. this market is tough if you wanted to sell it, be my guest. when two stocks in the same group have disparity, it's worth
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examining why. both lowe's and home depot are fo good spots stick with cramer. ♪ (nadia white) the moment a fish is pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. (tom villa) we took our world class network, and we developed devices to track environmental conditions. this device allows people to understand what's happening with the location, but also if it's too hot, if it's too cold,
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it is time and then the lightning round is over, are you ready, ski daddy time for the lightning round let's start with mike in michigan >> caller: hey, jim, great big boo-yah from the motor city. eight months ago you had the ceo of american electrical power i bought some at 70, it's been as high as 77, as low as 62. buy, sell or hold? >> i would buy if it went above four, which means that the stock is going lower let's go to steve in new jersey. steve? >> caller: hi, jim i'm calling about app material
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it's been in the trading for a long time. >> we spoke to gary dickerson last week. we spoke to martin the week before business is great. not good for some. materials is in the bull pen club knows this from action alerts we were trying to pull the trigger at mid-50s, we may do so again. let's go to anthony in california anthony! >> caller: hi, jim give me a little heads up on epr, please. >> you can't miss the quarter. when you miss the quarter with the real estate investment trust, it's hard to have footing. i need to see another quarter. how about millie in new jersey >> caller: hi, boo-yah tell me about gw
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pharmaceuticals. >> this is, canna binnoid. i think, i'm not recommending it anymore. we liked it a lot more glen in ohio >> caller: just want to give a big buckeye boo-yah. >> we'll take that, what's happening. >> caller: given the recent dodd-frank laws, what should i be doing with fitb ask you can ho >> you can hold that i'm not troubled i think hban's good and first horizon. that's a three fer let's go to hope in new jersey >> caller: boo-yah >> okay, i didn't hear which one. what was the name of the stock
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>> caller: lsin. >> i know long fin long fin, a financial company, it's up a lot. because a lot of people, rates go higher. i don't want to buy it up here i'd rye a regional bank or a major that i write about for action alerts, and that, ladies and gentlemen, is the conclusion of the lightning round the lightning round is sponsored by td ameritrade really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. but prevagen helps your brain with an ingredient
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hey, maybe i don't have to tell you, but today was brutal for a whole bunch of sectors, it's been a tough run. now a month ago, we ran a piece arguing that the retail oriented real estate trusts are risky, not the places to be with so many retailers going under, you have to worry that eventually malls and shopping centers will see their rents rise one of the washington prime group took some exceptions to this and among many others, frankly, we do not shy away from criticism. while i still think the group is too risky, i want you to hear both sides of the story. and i have a lot of respect for any executive willing to come on the show and say negative thins abo -- things about his stock
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let's dig deep to get a better read on this situation as it is. welcome to "mad money. thank you for coming have a seat. all right, so washington prime, great properties, but, just in fairness, a buddy of mine was on he hired me at goldman the stock october 1, 2014. a 42% dwaygain since them. was it wrong at 17 or wrong now? >> it's more wrong now from an asymmetric standpoint. i think ultimately what has happened is we've been faced with a couple of binary paths. you're of the, you know, your physical space or your e-commerce and we operate under the assumption that only one is going to win as evidenced by
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trading -- >> it's buy ninary. >> and there's the primary versus secondary marketplaces, which if you have not in a primary, and we did a white paper disproving some of the observations -- >> but you are saying that you were an a-quality mall, and you do not have a lot of vacancies >> we are a tstalwart secondary marketplace company that really, god forbid this business caters to demographic category, we got lazy, we, the entire industry, unless four out of ten of us are wearing something junior fashion or accessories, i might be, but other than that, we are way too long on retail categories. junior fashion, accessories. so my word, we have to
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diversify. >> tell me how you've done that. i see craft brew, some interesting things you guys are doing. >> understanding that it's kind of, it's a combination of local, regional, national tendency that we need to modulate and diversify, and quite frankly, provide real time incentives for our leasing professionals to work on that diversification, realistically, if we don't, we're actually doing a disservice, not only to our guests but to our tenants. those tenants that are evolving and embracing this new world order. >> but you, your stock yields 15%. that's usually a red flag. because most companies cannot afford to pay out that size yield, okay? why can washington prime tell me, look me in the eye and say hey, listen, we've got coverage, we aren't going to be able to pay that >> i can talk from a historical
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perspective. we're about 79% 80% ffo payout over the last three years, it's been pretty, pretty tumultuous over the last three years. i think our evidence, minimal variance, my charter is to find as synchrosanct cash flows >> why not get bought by another company? >> my fiduciary is todo whatever benefits our shareholders, so we're open at any time
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aggregate tour or aggregate tee. >> he just told you the 15% yield is good. i want you to look at it you just heard his side. stick with cramer. thank you. >> all right, brother. hi, i'm bob harper, and i recently had a heart attack. it changed my life. but i'm a survivor. after my heart attack, my doctor prescribed brilinta. it's for people who have been hospitalized for a heart attack. brilinta is taken with a low-dose aspirin. no more than 100 milligrams as it affects how well brilinta works. brilinta helps keep platelets from sticking together and forming a clot. in a clinical study, brilinta worked better than plavix.
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brilinta reduced the chance of having another heart attack... ...or dying from one. don't stop taking brilinta without talking to your doctor, since stopping it too soon increases your risk of clots in your stent, heart attack, stroke, and even death. brilinta may cause bruising or bleeding more easily, or serious, sometimes fatal bleeding. don't take brilinta if you have bleeding, like stomach ulcers, a history of bleeding in the brain, or severe liver problems. slow heart rhythm has been reported. tell your doctor about bleeding new or unexpected shortness of breath any planned surgery, and all medicines you take. if you recently had a heart attack, ask your doctor if brilinta is right for you. my heart is worth brilinta. if you can't afford your medication, astrazeneca may be able to help. or you could you cexperience it for realnship at the lexus command performance sales event.
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lease the 2018 es 350 for $339 a month for 36 months. experience amazing at your lexus dealer. please remember where the president's coming from. he believes that we have been in a trade war with china for years, except for we never fought back. he campaigned on this issue. a lot of people voted for him because of this issue, so he is doing exactly what he said he would do now i have to tell you i have warned you that this was the biggest risk to the stock market and it is playing out just like that but the market's getting oversold, it will probably be down again tomorrow, but i'm looking for buys, having sold from my charitable trust a huge amount of cash i'm jim cramer, see you tomorrow
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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." ♪ who believes she can make the sharks a lot of green with her environmentally friendly business. ♪ hello, sharks. my name is jennie nigrosh. i'm president of the green garmento, and i'm here seeking $300,000 for 20% equity in my growing business.

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