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tv   Mad Money  CNBC  March 8, 2019 6:00pm-7:00pm EST

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spreads. we've got you covered here. >> bear suits all around. >> all right good stuff, guys, thank you very much that does it for us here on "options action. catch us back next friday 5:30 p.m. meantime 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, i promise to help you find it. "mad money" starts now hey i'm cramer, welcome to "mad money" and if you want to make friends, i'm trying to make you money. to entertain you and educate and teach you. call me or tweet me @jim cramer. you want to know what resilience looks like we gel a labor report this morning, it shows that the u.s.
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created 20,000 jobs in february. it was forecast 170,000. instead of joining the global rout we stabilized and rebounded from the lows of the session of the morning. the dow was off 22 1rks and closed down 23 the s&p dipped .21%. that's much better than we had any right to expect. i think on some level there's an understanding that the hiring data is not representative the numbers were distorted by the government shutdown and the terrible weather what makes me say that when it comes to the government shutdown that's pure supposition, but the weather is something i've heard on costco's spectacular conference call from last night this company just reported an off-the-charts amazing quarter. much better, stock $11 higher. and costco made it clear that if not for the weather their numbers would have been better
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a company that reports a blowout quarter and blames the weather for bad results, you know what i say, that's the real deal weather. i've got to tell you i trust the numbers from a great company like costco more than i trust the labor department i think it's a great story the labor department has a lame track record when it comes to processing payroll data. they should just outsource it to adp. at the end of the day, most investors realize that the 20,000 jobs figures wasn't meaningful we didn't get the kind of sell-off you would normally expect and we reached oversold levels on the standard and poors oscillator we know there's a lot of doom and gloom around the world this morning we spoke to larry kudlow, the president's chief economic adviser and he declared there may not be a trade deal with china if china doesn't make
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concessions. with our economy very strong versus their weakening economy we might have a better hand. throw in the growing weakness in the european economy and the looming brexit issue which will be front and center in the next few weeks and i don't blame a soul for being nervous it is a nerve-wracking time. but that's why we've been going down my take? i think the american consumer is doing darn well. look at the results we have had for costco from amazon, from target from walmart. corporations keep spending and not just on buy-backs, on technology so what's the problem here why don't we stop going up the problem is the governments around the world they keep failing their constituents they're failing main street, not wall street. which is doing just fine and their ineptitude is the biggest single headwind that butts against everything else working in the corporate world with that cheerful thought,
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let's go to next week's game plan we hear from a little company i'm focused on called stitch fix part of the new economy, an online subscription-based personal shopping platform last month it caused numbers that caused subscription stocks to get slammed stitch fix has been trading higher of late maybe they've returned to hypergrowth mobil c. on tuesday incredibly important analyst meeting begins in shanghai young china's analysts day i think we'll get color on the state of the chinese economy by gauging the levels spending on relative luxury items like kfc, a classy establishment where people get married in the people's republic. the issue with all things related to china is that to some extent bad is good and vice-versa the weaker the chinese economy gets the more likely they are going to make a trade deal with president trump, that president trump will like so i think any
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data i can anywhere and young china will give us good data we also hear from dick's sporting goods, i don't want you to buy that stock because there's too much company-related risk i expect to hear great things about the stock of nike. which means you can buy the sneaker stock if we get any kind of pull-back related to market weakness today so if you come in and we got the big global fear going, you go and you buy some nike ahead of the dips analysts. it would be a terrific opportunity. on top of that we get the consumer price index on tuesday. i think it's going to be very low. when people see this number and the price index on wednesday and combine it with the ugly employment number today, i suspect people will start to question what the heck the fed was doing raising interest rates in december. i say the fed chair has gotten
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what he wants when he talked about needing to slow the economy. he won, he's not going to be a problem for the bulls going forward. that's another reason why we bounced today. wednesday we get results from cloud dera, a small cloud company with a big task. why should we believe in a former red hot group that's down i'm betting we are going to get terrific results from cloudera i believe this little company can put a floor under the group. they could be that meaningful and positive i hope so. because on thursday after the close we hear from one of the most important cloud stocks if not all technology stocks, adobe. i think it's going to be a blowout. if cloudera delivers a great number on wednesday, sells off any way it wants on thursday, i fear we'll continue to be plagued by the same negative pattern, that distorted so much
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of tech. and then saw the stock get annihilated we want to tell to you boy adobe the head of the quarter but the negative pattern needs to be broken if cloudera puts up the great number i think it does and then what we do, is we get a no sell-off on thursday, but an actual rally, then can you go maybe do call options on adobe before it reports after the close. i like the stock of broad com on thursday he's a hardware guy. i'm expecting huge numbers, think he's done a patented streamlining of a new business, stripping of its most profitable core and firing people i want to hear how much stock he purchased. i bet he bought a ton. broad com is a horse, him buying underneath and a good quarter from the buying company, stock could go higher. ulta beauty has been a strong performer and i think will
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continue i love the bullish presentation that the ceo of estee lauder gave yesterday it remains a major tailwind for ulta and the stock has much more upside it will be interesting to see what she says about the quarter. won't it finally on friday, we get the university of michigan sentiment numbers as well as industrial production figures these two can be integral to putting today's tech and employment figures to bed by offering a positive spin on real bummer numbers, think confidence did take a hit because of all the nonsense of washington the industrial production number i think will be fine bottom line we could have had a disastrous day instead we had a disastrous week the worst of the year. it could have been much worse and finished so strong can we call it a victory for the bulls? believe it or not, yes
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because a rebound like today is absolutely something to celebrate. now as we go to calls i want to acknowledge international women's day. and celebrate two of the things i am most proud of on mad money. 80% of our show's team, 80% are women. and we have so many amazing women investors as viewers so to honor the day i've got a killer line-up of all-female callers so that you can see who is really behind our show. and let's start it out, virginia our fabulous executive producer by talking to emily in arkansas. emily? >> caller: i've held shares in six flags since 2014 and plan to keep it as a holding in my portfolio. with the delayed outlook for the china expansion and now news that the ceo will retire by early next year i'm nervous with
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the price testing at 52-week lows dividends until things turn around as opposed to selling low, i'm not sure what the right call is. >> emily, i'm not either i was disappointed by how the stock acted when they held off they had an okay quarter, but the forecast wasn't that good when it came to china. the yield is six and a half. they're in the penalty box i wouldn't sell it down here but that was, it was surprising and i have to tell you paulina in new jersey. >> caller: big warm boo-yah from the garden state >> i love the garden state what's going on? >> caller: i'm calling today in regards to the highly speculative stop of crisper therapeutic. crsp ever since tuesday's announcement resignation of fda chief scott gottlieb bioteches have been taken a beating. i like to note that the
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president of crispr therapeutics sold 85,000 shares on monday a day before the resignation of the fda chief. it's been making me question my own investment in the company. if the man who is supposed to be so bullish on it is jumping ship, why shouldn't i be jumping ship >> well, remember, you know, the fda chief done a remarkable job in two years i have to tell you that their most recent drugs look really good the entire selling is daunting i understand it seems like a split decision because if they were, let's say in takeover talks like a lot of people are he wouldn't have been selling. i -- i think your skepticism is warranted, how about we do that? thank you to all the women who work with me on mad money and all of our female viewers. we did dodge a bullet today. the market could have been a
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heck of a lot uglier home sweet home. some housing stocks are still on shaky ground is it time to relocate or make your move into the space i'm eyeing the home builders, planet fitness was able to muscle up. but weight watchers, it sank which company is fit if your portfolio? i'm going to give you my take. i want a portfolio to be free of squeaks? i'm eyeing wd40 to see if it can help in this market. so stay with cramer! don't miss a second of "mad money. follow d@jimcramer on twitter. have a question, tweet cramer, hashtag #madtweets 8074cne us a call at 1-0-3-bc
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nchsz after today's miserable jobs report, we need to talk about one of the mostcheckly sensitive sectors in the entire stock market that's the home builders this is a key industry we like to say punches well above its
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weight at the beginning of last year as rest of the market kept climbing higher, the housing stock started plummeting it kept getting clobbered. once everything turned bearish in the fourth quarter, builders got slammed to new multi-year lows fed chief jay powell backed away from his insistence on a series of rate hikes, giving the economy some breathing room. the home building sector started to rebound they never should have gone down so much in the first place they've pared back some of the gains this week, the still up for the year so the strength this year so far is an opportunity to sell in an ailing group or have the home builders actually truly bottomed meaning any pullback like we're having now could be smart to buy. well this morning we got diverging opinions in the industry
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one broke rabble firm publishing a negative note and another research have more room to rise. a good old-fashioned analyst gun fight. a showdown therefore a way to get a sense of the best arguments from the bulls and bears so can you form your own opinion and remember we're trying to enlighten you abouthow to think. on the one hand, a team of analysts at jp morgan downgraded a bunch of home builders, and even took toll brothers, one of my favorites as a home builder, i haven't liked this stock but they took it down. took it down to a sell a sell time to take profits that have already run too much on the other hand, zelman and associates, a boutique research firm published what felt like a direct rebuttal. in a note entitled let it ride with the builders, zellman and her team went positive home
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builders and they had been positive for about a month since then they've become even more bullish to the point where just today they upgraded horton century communities and the aforementioned downgraded to sell at jp morgan toll brothers. one person raises, other person sends it down, who's right before woe get into both sides of the argument. you need to understand where the housing stocks are coming from after sprinting higher in 2017, look, they were part of a broader move, spurred by a fantastic economy, the home builder's role revert last year. the s&p home builders etf after the great year in 2017 plunged 26% in 2018. why? well because the industry hit a series of speed bumps that caused the housing market to screech to a halt last year. terrible first long-term interest rates spiked dramatically. that's the worst thing for home builders and meaning mortgage rates got a heck of a lot more expensive
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when mortgage rates go higher, obviously fewer people are going to want to buy homes the yield on the 10-year treasuries spent the year around 3% and didn't come down until the fourth quarter bear market the 10-year is back to 2.63. amazing, isn't it? by the middle of last year the home builders were afflicted by higher costs for everything from steel to lumber in part because of president trump's tariffs, including the 25% duty op chip he's steel and a less well known 20% tariff on canadian wood which decked these guys. third, affordability after years of price increases in the hottest markets, buying a new home is out of reach for many consumers especially millennials are weighed down by student loan debt they stayed with their moms and dads the biggest problem by far was the second half of the year, demand early october, the chairman of lenard talked about a natural pause, did that stock get hurt when he said that natural pause
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in the housing market? at the time the home market was plummeting and everyone was eager to believe the worst and not without good reason. there were whole swaths of the country where the housing market just seemed to freeze over during the fourth quarter the u.s. household wealth fell by 3.8 trillion dollars kind of thing that puts a damper on buying a home even if most of these losses had been made back that's not the way people think. the question is can the housing market start to thaw now that the federal reserve is your friend? rather than your foe you're no longer fighting the fed. that's the recent run in the stocks would suggest but the analysts at jp morgan argue you should use the strength in the home builders we just had to take profits their thesis, let me read you the key part we remain cautious on the sector based on our outlook for fundamentals to remain less robust than last year. the note continues quote recent
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housing industry metrics pose a challenge to the most recent 2019 forecast for housing starts and our view while, while on a builder level, we expect orders and sales paces to remain down year-over-year on average through the first half jp morgan points out that the housing market has been ugly for the last few months and they expect this week to continue weighing down most of the industry the idea that the home builders can turn on a dime seems fanciful want you out of the stocks and think that -- given you a great chance to take profits so what about the zellman and associates, with their call to let housing gains ride zellman paints a different picture. our channel checks have continue to reveal positive momentum in order activity through early march. isn't that something which is the first sign they've seen in over a year. that would suggest that there might be some potential upside to the earnings estimates. now zellman acknowledge that the industry is in a rough place she knows 2019 will be a down year
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for home builders she thinks that the stocks reflect too much negativity it's worth pointing out that zellman's estimates were lower than wall street's in december but now other firms have cut their numbers. in other words few months ago there were still hold-outs who believed housing would do just fine not zellman. by this point everyone is on the same page and if anything zellman believes the stocks have overcorrected to the down side she thinks estimates are low enough to be beatable. that's what we want. zellman notes that the housing space is in fact improving here. february was better than january. interesting, right because february is supposed to be a tough in the employment sector the horrible month of december is in the rear-view mirror if home builders will be able to report better than feared numbers and their stocks will go higher so who do you believe? you know what, that's easy you believe ivy zellman. why? because she's what we call the axe in the home builders that means the analysts who
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understands this group better than anyone else on wall street, krogs a lot of the thinking about it and control as lot of the thinking about it her firm is focused on housing and related areas, that's when she does, she knows this business like the back of her hand so when she makes a contrary call like this, you better believe i listen i listen good. i also learn to listen to her when i was a hedge fund manager. i never went against her view. by the way zellman and associates published institutional research they have a good biweekly retail investor-oriented product. a z report and if you want to dig deep near the industry and i don't blame you because i've been using her stuff and man is she hot, great stuff. the firm is good they have a lot of good analysts we've been negative on the home builders for ages. but now i believe after reading zellman's stuff today that the
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group has gotten too cheap and these stocks finally have a champion worthy of following i think jp morgan's bearish call is too focused on the rear-view mirror and zellman's positive piece focused on the future. stocks tend to bottom before the underlying fundamentals if you wait too long you end up missing the move the axe, zellman thinks ahead, which means even i, a big home builder skeptic, and getting on board. much more mad money ahead. it's an age old debate does exercise beat dieting in this market there might be a clear answer i'm pumped for planet fitness against weight watchers. a company that has 65% of sales outside the u.s. how is it handling trade tensions in the market and pick six wirks they held the key to today's moves and you could have seen a bottom coming. stay with cramer
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wagons around secular growth stocks, stocks that don't sneed a strong economy to work they're powered by ultraconsistent long-term trends, for example self-improvement beginning of every year, millions of americans resolve to lose weight. get in shape and live better what could be more reliable than new year's resolutions, right? especially in this image-obsessed culture where everyone is taking selfies, posting them on the internet i'm not saying it's healthy. it's just a fact these days people are under pressure to look good. so you might think that the diet and exercise stocks would be winners here, but in reality it's more complicated. last week we got a stunning tale of two self-improvement companies. as in it was the best of quarters, and it was the worst of quarters. cramer came planet fitness, a
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fast-growing chain of low-cost gyms that prides itself on being a judgment-free zone reported phenomenal results in its red-hot stock continued to move higher the exact same time ww inc a company formerly known as weight watchers delivered an ugly quarter these numbers were horrific. and it's already battered stock melted down. funding from $29 to $19 in a single session how the heck is that even possible you think a chain of fitness centres and weight loss/wellness brand would be heaviered to the same trends, right for years planet fitness and weight watchers saw their stocks climb higher as both companies reported great numbers in the last nine months weight watchers, experienced a spectacular breakdown while planet fitness keeps chugging higher perhaps the ultimate proof that diet is not more important than exercise so what's going on here?
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planet fitness is extremely well run company with a fabulous brand name know what they're doing. while the ww people, they seem dazed and confused planet fitness is the anti-gym they're trying to attract casual customers. so they've adopted a no judgments ethos. creating a low-pressure environment where people can exercise you go into some of those fancy gyms and you feel like well holy cow i'm a 90-pound weakling. the concept works and the company has been putting up a new franchise after franchise at a rapid clip and people want to own them eve got some wealthy friends in italy who own them and they make a lot of money we've had ceo chris rondo on the show multiple times this guy is money. starting in august of 2017 stock was at $25 now it's 153% gain don't you have to watch these ceos when they come 0 on yes, because planet fitness keeps putting up strong quarters, what about the company
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formerly known as weight watchers the company seemed to have a tried and true business model. they were a lifestyle company that helped people change their behavior in order to lose weight and then keep it off both with their own food products and their support groups the smartphone revolution came along and weight watchers started losing share to all of those app-based competitors. in 2011 the stock traded in the 80s, by the summer of 2015 it had fallen below $5. over the next five years, weight watchers executed a terrific turn-around. announcing a wide-ranging partnership with "oprah" who purchased a 10% stake in the enterprise and became the face of business. the stock more than doubled in a single day and it kept going higher within months weight watchers had launched a new lifestyle and fitness program called beyond the scale. helping them capture more than weight loss business when the new ceo took over in 2017 she invested in improving
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technology and expanding new health and wellness offerings. weight watchers saw an explosion of new subscribers, something that accelerated when dj callan signed on as an endorser he lost 43 pounds using the ww freestyle program. to be transparent we haven't been able to verify that when i met dj khalid, he was svelte then weight watchers had turbulence we learned that artal luxen bourg, a private equity firm that took weight watchers public in 2011 will be cutting the stake in the company by 30%. in retrospect this was a big deal and it was a mass i have been red flag, these guys stuck with weight watchers for 20 years and suddenly decided to ring the register? i say it raises eyebrows
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now i think we know why. in september weight watchers rebranded itself as ww inc., part of their effort to focus more on wellness maybe they didn't want to be accused of fat-shaming customers. how is that working out? in november the new ww reported a significant revenue shortfall. the culprit their subscriber base shrank from 4.5 million to 4.2 million in three months. the company is having trouble hanging on to all those new customers. suppo brought in by "oprah." the stock lost 30% of its value in a single day. ww tilted to melt down in december 2019 came around and it failed to balance now the stock is down 50% since 2019 began at first the analysts turned on ww threatening about a weak start to the year. then last week the company confirmed all of our worst fear when is it reported one of the ugliest conference calls i've ever been on they delivered an earnings miss
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and posted yet another revenue shortfall. worst of all, ww gave us a horrifying four-year forecast. wall street expected them to earn 3.43 a share. management talked about earning 1.25 to 1.50 not even half. it was stunning. because the beginning of the year is so crucial to ww's business, a bad start means a bad year so long to 2019. the stock plunged another 35% last wednesday in retrospect it looks like ww got a temporary boost in subscriber base early last year. but thousand they're losing to those people and the numbers are getting crushed. i want you to compare that to planet fitness which is consistently put up excellent numbers without trying to change its formula. how well has the company been doing? during the huge fourth quarter sell-off this stock managed to rally. and it's up another 19% year to date the very same night ww imploded, planet fitness delivered another
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top and bottom-line beat with management giving us an encouraging full-year forecast 15% revenue growth system wide same-store sales in the high single digits, not a lot of retailers with that number and 25% earnings growth in response. the stock has rallied day after day for eight straight days from $56 and change to $64. before pulling back slightly today. again that's in this not so great market again how to explain this disparity? the thing that sticks with me here is that planet fitness seems to have a better sense of its own identity it's vibe has stayed the same from the beginning this is a fun gym. that doesn't treat fitness like a religion it's a place where you can exercise and eat pizza, i'm not being hyperbolic, eat pizza at the same time. ww feels like it's having an identity crisis, the weight watchers brand may be problematic as the kids say. but at least you know what weight watchers was for. people pay $3 to $13 per month
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for help losing weight for wellness advice, maybe that's a tougher sell. the bottom line, sometimes you just need to stick with what's working and avoid what's falling apart. that's why planet fitness even after this run is still very much a buy and i think ww is way too risky for me to recommend. mark in florida, mark? >> caller: hi, jim how are you today? >> i am good, mark, how about you? >> caller: fantastic i've been hearing a lot of regulatory noise in the managed care space, nor declines all week and the stock prices of companies in the space i have a large position in cigna. my question for you is should i sell what i have, should i hold on or buy more at these lower prices >> i don't want to you double down because i've had to deal with the incredibly intense and horrendous pressure that is cvs, i genuinely believe that they have to take away my shoelaces and necktie so i'm not going to suggest you buy more cigna i'm going to seg you hold on to
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cigna which has done a round-trip from where it was going to be bought down 14% i don't want you to sell that stock. it's too low i love oprah as much as the next guy or anybody you know what i mean but i have trouble recommending ww right now, it's too risky even after this decline. but planet fitness that's still a buy buy buy much more "mad money" and a can of wd40 can do just about anything, anything that you can possibly want. remove all oil from hands, fix a squeaky hinge, remove stains, save my marriage i'm talking with the ceo and the six stocks that gave the averages a sixth sense, turned out to be prescient
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you know what's great? a company you can understand sometimes simplest stories are the best, wd40, it helps people do everything from fixing cars to aircraft maintenance. did you know it's a publicly traded company it trades under the symbol wdfc. it's been a long-term performer up more than 130% over the past
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five years trouncing the s&p 500 up 46% over the same period wd40 has been taking share and taking names, rolling out all sorts of products. but for the ceo of wd40, the company's success is less about the products and more about how they run their business. he's a major evangelist for employee engagement. the company succeeds by it treating the workers well. getting them everyone is pulling the same direction that's intriguing idea let's look closer with the president and ceo of wd40 to learn more about his company, the corporate culture and how it produced terrific results, mr. ridge with welcome to "mad money. good to see you. >> nice to be here. >> i have to tell you. i have a squeaky door on monday and it's waking up my wife every day i get up very early. she came down for dinner when i got back i said will you give me the wd40 i did not say give me lubricant.
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do you have any competitors? >> jim i've spent my life making sure you don't know the names of competitors, i'm not going to tell you >> it's generic, you never say give me -- look, the old days it was three in one. >> we own that as well. >> you own that, too this is what people say. how did it happen? and what is wd40 >> it started in san diego 1953 there was a problem with condensation in the umbilical cord of the space rocket our chemists brought together and started to mix up some stuff and 39 times they tried and the 40th one worked and that's why it's called wd, water displaced formula. and today we're in 176 countries around the world >> now the i would not believe that you even need to innovate because you don't stop >> no. >> you know, we, we know there's lots of squeaks around the world. what we want to do is create products that really create positive lasting memories.
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if you ask me what business we're in, we're in the memories business, we create positive lasting memories by solving problems in factories, homes and workshops of the world we innovate by product and by delivery systems and one of the exciting things we're sharing with you today is back in 2005 we got rid of that problem which was how do i not lose the blah blah blah little red straw we developed a product called smart straw. and we're about to launch next year a new version of smart straw which is tool box friendly it's lockable. it's got a new organicoringo nomic delivery system and now users just love it >> you talk about a memory scope i like this because i know you're purpose-driven. you've been able to instill in your workforce a similar idea that sounds like the kind of thing that everybody would get behind. >> imagine a place where you go to work river day. you make a contribution to something bigger than yourself you learn something new, you feel safe and you're the values
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of the organize send you home happy. i think it's a sin that 65% of people who go to work every day don't like their job and you know, we're pretty slow learners, aristotle said in 384 b.c., pleasure in the job puts perfection in the work it's the leadership that has to do that. so we go to work every day creating an environment and we have a 93% employee engagement 99% of our tribe members globally say they love to tell people they work at the company. >> i thought that was cool the culture, the power of our people, that you have results average, i thought this was the most important i love to tell people that i work for wd40. 99% like to say that that's fantastic >> so 99% means that women have to say it, too and it's international women's day, what do you have to say >> the chairman of our board is a female the head of our operation in the u.s. is a lady our head of marketing in the u.s. is a lady
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just this week, our first employee in our china operation 12 years ago was a lady. she's worked her way through the organization and yesterday, she was promoted to the general manager of china so we love diversity whether it be by gender, geography. we love having a mix of people in our organization that help us be better. as a leader i worked out a long time ago that micromanagement wasn't scaleable. >> you also have been a preacher to the point of writing a book, trying to get people to understand your methods which makes a lot of sense >> i write a book with ken blanchard. the one-minute manager, i was on his board for ten years, our job every day is we're coaches and what we need to do is not mark people's papers but help them get a's, life is about helping people get a's >> purpose-driven and purpose-driven this is the 10th anniversary of the bottom. $24 to $175. i think that shows you that a culture that is purpose-driven
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that has higher values proves also a higher-priced earnings point better numbers. >> we get $850,000 worth of revenue per employee it's about double what some of them are at. and the important thing to us, too, is this to create this employment where people can be magnificent on a daily basis and you know our stock price is our stock price, it's because we have amazing return on invested capital. we're an asset-like company. investing in innovation like our easy reach this product here is again a product that we developed to help our prime end users which are artisans and tradesmen get the job done and get it done in an easy way. we've developed other products like our new, you should have had this for your wife our new spray gel. >> i'm taking it home. >> she's really mad at me. >> this is a spray gel this is wd40 in a gel form
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you spray it on the hinge and it doesn't drip. >> thank you for saving my marriage. >> you're welcome. that's gary rich, president and ceo of wd40 company. look in your drawer, look in your cabinet look in your pantry. it's there how about the stock? mad money is back after the break. with the chase ink business unlimited card, i get unlimited 1.5% cash back. it's so simple, i don't even have to think about it. so i think about mouthfeel. i don't think about the ink card. i think about nitrogen ice cream in supermarkets all over the world. i think about the details. fine, i obsess over the details. think about every part of your business except the one part that works without a thought. your ink card. chase ink business unlimited. chase ink business unlimited, with unlimited 1.5% cash back on every purchase. chase for business. make more of what's yours.
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it is time lightning round are you ready? what's up with rod in oklahoma rod? >> caller: what's your hunch on starwood properties? >> i like that i like the yield i like barry, i think it's a great one let's go to lloyd in south carolina lloyd? >> caller: sun core, ticker su thank you very much. >> quite welcome, we not going to recommend any house of pain stocks, that's in the oil business, let's go to sal in texas. sal? >> caller: boo-yah jim, how are you? >> awesome, my question is regarding take 2 interactive
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>> yeah it's been a real bow wow but it's been a bow wow for too long at 87 i say buy me some. let's go to phil in pennsylvania phil >> caller: my question was whether or not aurora cannabis is a buyer >> we're sticking with canopy. that concludes the lightning rod. the lightning round is sponsored by td ameritrade payphone is an ancient device, put money in a slot. you need to watch the stock of goldman sachs like a hawk. a red-tailed hawk. why are you so good at this? had a coach in high school. 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!
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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.
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this morning when this session was looking bleak, i made an executive decision to come out on "squawk on the street" after the market opened and tell you that the day might turn ott to be a lot better than you expected i was gutsy. but i had nye six reasons for flashing green because you know what? they're telling a tale of the tape remember last night's show remember what i said i had my six stocks? cheer up the averages were up from their lows to the point where you have to feel like a real dope, if you dumped
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everything i made the call even as i saw the ugly employment numbers and recognized the shroud of gloom from overseas. why, because of the six key stocks i told to you watch last night. ones that can tell you the tale of the tape ahead of the tape. the ones that can predict a rally because they're emblematic of what's happening at the moment they're the tells. let's take them one by one i told you you needed transports, fedex shows me the signs. the stock has been in freefall, this morning i saw the velocity of the decline and saw it was in check. as it turns out, fedex was a disappointer when i told you not to freak out. the price of oil was down $2 it was a dud oil rallied 60 cents it did nothing. it opened very badly opened down 167, it did manage to close at 171.78 still down 43 cents for the day.
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weakness in a closely followed group. i don't see a recession in the cards. the second key stock workday started out deep in the hole and managed to raly. the action told me that the cloud king was the leader for much of the year perhaps getting on a more even keel that was a huge tell that the nasdaq might not be kept down. not as positive as micron. this semiconductor company may be the biggest key to the market right now. could you argue that the rally in the stock may be signaling that the brutal tech sell-off may be winding down. before facebook started bouncing and this snore one that only closed higher. potentially a good sign for the bedraggled faang contingent which has been horrible. a godsend for the nasdaq goldman sachs was strong from the beginning.
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this stock has been the dog of the dogs you had to be heartened to finish the day in the black. the bouncing goldman tells me that the sellers are starting to exhaust themselves in the financials i don't want to get too cocky about that group the house financial services committee is going to hold hearings that makes me nervous that congresswoman maxine waters is running the show is no friend of the banks, more like their nemesis, let's call on goldman's a work in progress it gave me the right signals in the morning. bullish signals that told me don't panic. and perhaps pit and buy. that's the most bullish thing that happened today was the run in key number six. cvs health cvs which i've described as the worst big cap stock in the world, remember how i use yesterday i said it was, i don't want to do that again, it was dangerous. the falling knife. i took a knife, i don't want to do it again. what happened is i almost got hurt when i -- there again i did it, cvs, the world -- this thing
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has to right itself. it's got retail and health insurance. it's been pulling down the thing hard the fact that cvs was able to rally for the what, from 9:30 to 4:00 is a sign that the health insurance may stop bleeding and leading the market lower let's see if they can last for more than a day. otherwise as billy said in that movie, the "preder to" the hmos are going to die put those six key stocks together and then you'll know how i was able to nail the reversal find your six stocks or stick with mine. a way to get a feel for what lies ahead stick with cramer! which didn't quite cover the steinway.
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but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to gustav: leave it to me. a temporary address, temporary ivory, and help him get tickets to the mozart festival. excuse me, grant likes beethoven! uh, the beethoven festival. pure. love your insurance. i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. have you ever worked with dr. francis? oh yeah, he's ok. umm... just ok? guess who just got reinstated! well, not officially. nervous? yeah. yeah me too. don't worry about it, we'll figure it out.
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i'll see ya in there! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network, according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. with expedia, i saved when i added a hotel to our flight. so even when she grows up, she'll never outgrow the memory of our adventure. unlock savings when you add select hotels to your existing trip. only with expedia. proud to celebrate international women's day here on "mad money. there's always a bull market somewhere i promise to find it for you. i'm jim cramer, see you monday
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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 he has a better way to send a thoughtful gift. hello, sharks. i'm john, and i'm so excited to introduce to you today the world's most genuine online floral solution -- the bouqs company. i'm here seeking an investment of $258,000

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