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tv   Mad Money  CNBC  April 1, 2019 6:00pm-7:00pm EDT

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went down yesterday? >> so surprised. shocking totally shocked. >> they weren't in beat georgetown. >> see you back tomorrow at 5:00 don't my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull mrkt somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. my job is not just to entertain but to teach and put in context. call me at 1-800-743-cnbc or tweet me after today's phenomenal run, dow surging 330 points, s&p jumping 1.6%, will individual
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investors start coming back to stocks i know that may sound like a bizarre question but despite having an incredibly bullish first quarter the public hasn't embraced stocks one bit. we've seen an amazing head long rush out of stocks and into bonds since the great december mini-bear market that's right figures i have so far for the first quarter show $118 billion coming into bonds, $60 billion coming out of stocks so how the heck has the market been able to rally with so much money fleeing equities as an asset class some of us may be laid at the feet of corporate buybacks, some of it is because sellers aren't there every day, market goes higher and they start dumping stock again. 4 of the last 12 weeks showed inflows so it's not like money is constantly coming out of the market i think the stock market benefitted from a dert of new supply the government shutdown at the beginning of the year meant the
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s.e.c. couldn't clear any ipos and you combine that with the buyback programs so many companies and you can see how the averages managed to rally without a lot of new cash to prop them up believe me, these corporate repurchase programs, they've got enough fire power to offsets the $60 billion that's being sold. sell, sell, sell, sell apple alone bought back $20 billion worth of stock a couple quarters ago. granted apple's got the biggest buyback on earth but every day, there are large camera companies coming in and sopping up supply. we've had a stock shortage thanks to the massive scale of these buybacks and the paucity of ipos. been a fabulous winter fall for you, the investor. i want you to participate. it's been a fabulous windfall until friday when lyft, the ride sharing service, came public changed the equation lyft stock price is promptly went to $88 and collapsed, finishing down $10 from that
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opening and continued to plummet today, losing another $9 or 12% and is now well below the offering price regardless of today's rally that action lyft is not a good sign for the stock market because we've got $1 trillion worth of private companies that are looking to have ipos and if their stocks act like lyft's and no new money comes into the market the supply of new stock will crush the average even as i said that lyft is valued less expensive than most of the cloud kings,if you're in a high multiple stock, lyft is one of the cheap ones. the best way to predict the future is by understanding the past which is why i want to go over the five biggest winners and they are illuminate nating i want to take them from the bottom un. this is the top five, bottom-up starting with the fifth best performer, exxonmobil up 18.5% exxon's move makes a ton of sense to me. did you know that crude was the
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only commodity in the u.s. markets, got crushed by an over zealous federal reserve and that naturally drove down the stock of exxon but then the fed eased up, oil rebounded and the oil stocks brounlded with it i think exxon's got more room to run because it traded at $86 before fed chief jay powell sucker punched the economy in early october. now that powell's changed his mind and the price of oil is coming back to above $61 for heaven's sake i think it makes a ton of sense to buy exxon and that should take you out of tie. fourth best performer, apple, up 20% for the first quarter. that is anunbelievable anomaly because apple actually preannounced a dramatic shortfall in early january do you remember that it's been off to the races ever since. that's not supposed to happen. how's that possible? well, first, apple had already gotten crushed during the fourth quarter, plummeting from $233 at its highs to $146 at its lows.
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at the end of the year to t so the stock had already taken a beating. once apple reported its full results we learned the company had terrific service revenue and january was a pretty good month. today we heard about price cuts on iphones in china, people panicked early in the day but even that could only drive the stock down temporarily in part because it was a misunderstanding as the chinese simply cut their value added tax. the whole discount story was wrong. that's what caused the price to go down. and last week's product announcements, let's go over them for a second including apple credit card and should be more additive to the company's high margin revenue stream including the numbers i see from the analysts apple's always been great at changing the experience. people say what do they know about credit cards they know about changing the experience remember the old cell phones and how awful they were, steve jobs tim cook and others combined to create a phone with a much better experience. that's apple's dna and now
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they're going to do the same thing for credit cards, replacing that baffling points system with actual instant cash back, getting rid of the an antediluvian bills in the mail, making it so you don't have to take the card out of your wallet if you don't want to i think it will matter more than wall street seems to believe because they don't understand it's about experience. third best performer, little bit of a surprise, united technologies it rallied 21% i think you text sword for two reasons first it's an industrial so it rebounded with the come p com padres it's bolstered by a belief that the trade talks with china will go well. united technologies has a gigantic chinese business. u-tech is breaking up into three companies. i think it's a fabulous investment if you believe the chinese trade talks will ultimately succeed these break-ups take an awfully long time to complete.
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second best, this quarter, ibm talk about compressed. here's a stock that had fallen from 150s last september to $105 at its december lows that's a nightmare to climb and wiped out nine years' worth of gains now ibm is rebounding like crazy, coming back do $143 for a host of reasons, not the least of which is its giant dividend that's nicely competitive versus treasury share as their yields have dropped dramatically. i wish i could tell you ibm has been bolsteredby the closing o the red hat acquisition, but the keel won't close until the second half of the year. finally, best for last cisco led by chuck robins with its stocks up 24.6% for the first quarter. it's the perfect metaphor for what could go right in the second quarter its growth is accelerating, not easy for an older tech company second, cisco is much more of a
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service and software play which it deserves a high priced multiple third, drams is plummeting in price. fourth, cisco is a great way to play the buildout of 5g, it's got a fabulous balance sheet that allows it to acquire what it wants while alsos raising dividends. the bottom line, i think this market can go higher as long as we don't get overwhelmed with new supply from this wave of ipos because the valuations are too low for so many of the stocks however, this market needs a deal request china for some of these to work. this one and this one or we're going to lose leaders like united technology and apple and it needs new money coming in off the sidelines. it needs your money to add fuel to the fire. let's go to donny in texas donny. >> hello, jim. and boo yeah from arlington, texas. >> good to have you, donny >> hey, i'm calling regarding southwest airlines
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>> right >> high product performed all that well over the past year compared to its peers, and in addition, with the boeing 737-800 issues since their fleet primarily consists of that and also today, their entire fleet was grounded because of some type of computer glitch or something, my question is, in light of this, is this one that we should stick with >> yeah, well, look, all the things you just described are pretty onerous and what's the stock done it's up 12% for the year that tells me it's absorbed a beating and it's still doing well so, i say, buy, buy, buy i like it here let's go to james in michigan. james. >> hi, jim big fan of the show. in light of the recent announcement of the sell of its keeb ler brand, what is your take on kellogg's stock. >> you know, maybe they'll do something and i want to be back in there with general mills and j.m. smugger and pepsico but i
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like the keebler business. i thought they should have tried to fix it. i'm not biting not me not now. no way jerry in florida,. >> hello, mr. kramer thank you for taking my call >> of course >> i bought macy's at $37.79 on november 9, 2018 i like to know what happened to macy's money savings restructuring. should i sell? >> no, no don't sell it's got a 6% yield, the balance sheet's vastly improved. i think jeff is going to get it right but they have a lot of restructuring still to do. once they fix that, you're buying a stock at 7.8 times earnings even if they miss the quarter it might not go down much more. frank in new york. frank. >> boo yeah, jim i just wanted to thank you for a wealth of knowledge that you shared and that has benefitted me greatly >> thank you thank you. >> my question is this
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i acquired yum and did some homework and checked out yum in china. i purchased yum china last tuesday and i'm wondering if this china deal depending it goes through, and its details will help establish american companies in china or just stimulate new stocks that may be inclusive in the trade agreement or both. >> look, i think -- look, it sells at a high multiple but it's been a rocket ship. i like both yum and yum china. this is a very well run company. i just think you just stick with it i do not want you to bail, even though it's had a very big run all right. this market needs two things and it needs them badly. i'm talking new money and yes, a deal with china. and then we can go even higher on mad tonight, why the opioid crisis might offer clues when it comes to the trade war with lyft shares stalling out today, i'm going to give you my take and couples take note. sometimes break-ups can be good for you with the spring clean in full swing, it doesn't all have
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to be a bad romance. i'm eyeing one that could make you some money so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. [knocking]
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the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. every time i hear more optimistic chatter about the
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trade negotiations with china, i just want to shake my head haven't these people learned anything we may eventually get a trade deal but it won't be quick it won't be easy, and you certainly shouldn't be buying stocks just because you think we're on the verge of some kind of breakout. yep, i think we're a long way from reaching a viable agreement with the chinese, and you want to know why? let me give you a classic example. fentanyl, the deadly painkiller, that's at the heart of the opioid epidemic, killed 18,000 people alone this morning, china announced it would put all fentanyl related drugs on the list of controlled substance beginning a month from now. some are hailing this as a big victory for president trump who has gone on record blaming the chinese for flooding the united states with fentanyl but i'm not so sure what a big win it is when president trump and president xi had their big summit, one of the few definite commitments was a pledge to immediately stop the inflow of
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fentanyl into the united states. it was supposed to be a key sign of good faith and what happened? not very much. there was no serious push by the communist party to put a stop to this every time china's banned one kind of fentanyl, the manufacturers just change the formula a little bit to something that's now legal this new ban is supposed to change all that but given china's track record when it comes to upholding international agreements, consider me skeptical and this matters, people i believe if the chinese government doesn't instantly show some arrests, it could be a deal breaker if we keep seeing more imports of this drug which is 30 to 50 times more potent than heroin, i think president trump might suspend the trade talks. i say this because to me, this announcement from china feels like a response to a speech made by peter novarro, the president's top trade adviser at the annual conference last week. novarro castigated the chinese
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just last week for the lack of good faith on this very fentanyl issue. against the backdrop of the slaughter of tens of thousands of americans annually the president is also taking china to task for flooding some of america's most economically disadvantaged communities with enough fentanyl to wipe out entire counties. no wonder the chinese acted today. they know novarro has the president's ear. he's probably the most influential voice in the white house when it comes to trade and navarro has a lot of problems with the way china handles its, he talks about, and i quote, a list of unfair trade practices longer than my sleeve, cyber intrusions into our business network to steal trade secrets, forced technology transfer, intellectual property theft, weaponized overcapacity and related dumping in industries ranging from basic commodities to advanced technology the march across the globe of heavily subsidized state-owned enterprises and a chronically undervalued currency that's a huge litany of hard to change practices, and it's why i think it's going to be very tough to make a deal
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what do we have balanced against that just some endlessly from the treasury department. that's not how navarro makes it sound. the chinese pmi was very robust which calls into question just how badly china's going to need to do this deal. the president has talked about leaving on the tariffs even after we reach an agreement with china. why would the chinese government make concessions if their economy is doing better than we thought? maybe may 1st will roll around and china will truly crack down on the fentanyl business that would be a terrific sign they're willing to deal in good faith but i think you need to be skeptical when you hear positive chatter about how well the trade negotiations are going because the complexities simply don't allow for a quick handshake and a nice photo op. much more "mad money" ahead. could the drop in lyft shares
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today be a warning i'm giving my take then new stock, who dis? i'll tell you how the big break-up in dow dupont could impact your portfolio and i'm taking your questions tweet by tweet so send them my way with the #madtweets stay with cramer -i call it my comfortable future plan.
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on friday lyft came public with great fanfare, stocks soared at the open, were drifting lower but today plunged 11.9% to $69 so even if you got in on the deal you've now lost money. i didn't get this one right, didn't expect it we're at the very beginning of an ipo boom with a ton of hudea on the horizon normally the owners will do everything they can to make sure this did not occur everything they can to make you entice they want you coming back for more with pinterest and uber and airbnb and all the rest. that means underpricing the first few deals and encouraging mutual funds and hedge funds to come on to the new issue shares so the stock price didn't collapse like lyft did today this isn't what they wanted. what does it mean? to me, it's one more piece of evidence that you need to be very careful with these red hot initial public offerings if you can get in on the actual deal, well, you had a winner most of those shares go to big institutional investors, not home gamers. if you buy stock after it spiked at the opening, the track record
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has been far less impressive so far this year we've had 18 ipos we would have had more but the government shutdown in january meant the s.e.c. was closed for business which caused the flow of deals to slow to a trickle. 11.5% up from where they came public but only up 2% from where they started trading see that difference? sometimes even getting in on the deal isn't enough as we've seen today with lyft. although again, i repeat, had you gotten stock on the deal and flipped it, you made a -- oh, man, you made a pretty penny we know this market has major issues with household names, companies that, according to renaissance capital, the ipo experts, the pipeline now contains 73 companies that are looking to raise $17 billion that will end up being far more. we had 35 new filings at the first quarter, the pace is accelerating as more companies filed in march and then in january and february combined. renaissance predicts that we could easily have 60 or more deals in this very quarter with
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a similar amount in the third quarter and the fourth quarter and you see why i'm worried. some of these stocks may be worth buying depending on where they start trading but in general, i think there's a better way to play the ipo boom. rather than making risky bets on newly public companies right out of the gate, what if we take a page from the seminal military historian, bh hart -- lidel hart and go for the indirect approach tonight i want to give you three side door plays on the 2019 ipo de deluge three companies that make money regardless of how the deals perform. you can invest in the exchanges that host these listings in the united states that means the new york stock exchange which is a subsidiary of intercontinental exchange or nasdaq given where most of these deals are coming, i think nasdaq stock is the way to go
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while levi's came public a week and a half ago it was the only one in the first quarter the nasdaq got 17 deals including lyft and it's the lyft deal that's the real game changer here the lyft ipo was the largest initial public offering held on the nasdaq since the facebook debacle in 2012. ever since then we've seen more and more tech giants going public on the new york stock exchange, think twitter, ali bks baba, snap after lyft's incident free ipo, opened on time, even though it opened high, that wasn't their fault. i think they'll finally be able to put facebook worries behind them and nasdaq will start doing much better. so, even though both uber and pinterest are going to the new york stock exchange, i think nasdaq is a in a better position to win big deals than it was a week ago and this is a very well run company with a lot to like nasdaq delivered double digits in the latest quarter, 21%
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earnings growth. they just made an unsolicited takeover bid for olso bps and nasdaq stock trading at less than 16 times next year's earnings estimates, it's a bargain, a kind of thin tech in disguise who else benefits from a booming ipo market, the investment banks, winning this business is a competitive process but the banks that come out on top are very well compensated especially if they do a good job pricing these ipos so far goldman-sachs has handled the levi's deal. how they played. goldman-sachs is a pure play investment bank although it's got this markets thing i like in the apple card, you know i like that too but it's their underwriting business much more of a needle mover for jpmorgan, a bunch of these deals will really bolster their earnings power. i know goldman's been tough to own in recent months but the stock is still ridiculously
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cheap, selling for 7.5 times earnings estimate. the ipo boom could be the catalyst that gets this, the cheapest on a price to earnings multiple, brokerage stock that there is i throw my hands down like that because that is kind of an insult who else we know morgan stanley's handling the ginormous uber deal and that alone should be pretty darn lucrative for them. their lead technology investment banker actually did a stint as an uber driver to win this business so they're clearly going above and beyond the financials are an unloved group but these ipos give you a reason to bet on the investment banks. do you know that morgan stanley's last quarter was so bad that even the ceo was critical of himself and you know what the ceo is uber competitive, his name is james gorman and i can tell you right now, he is not going to let another quarter like that happen i like the stock of morgan stanley. third side door play, my fave, amazon while amazon doesn't have a direct exposure to the ipo market every time we evaluate one of these tech deals we play
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a little game called let's see how much the soon to be public company owes amazon web services this all started with snap we realized they were on the hook for $3 billion to the cloud hosting providers, including $1 billion to amazon which is one reason i told you to stay away from snap lyft's paying amazon web services $300 million over the next 3 years in fact, aws lists lyft as a case study on their website, showing all the ways they can save companies money on cloud infrastructure cost. amazon web services dominates this business, their next largest competitors don't even come close so as we see this parade of tech ipos coming company after company it's telling us how much each one of them seems to have a deal with amazon the week before last we got pinterest prospectus they're on the hook for $750 million for 6-year period amazon web services is doing $25 billion a year in sales and the ceo recently told us right here that up 47% clip last year.
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it's not these disclosures that reveal new contracts these are not new contracts. they're just more kind of detailed information than we had before however as the first generation of companies that were born on the clouds starts coming public i think wall street will gain a new appreciation for this fantastic business and amazon stock will be rewarded even more than it is now. the bottom line, if you want to play the ipo boom without taking the immense risk of buying these stocks right out of the gate, think lyft, embrace the indirect approach and buy the more consistent winners here, like nasdaq, goldman-sachs, morgan stanley, and amazon. jason in pennsylvania, jason >> hey, jim. a big bryce harper boo yeah to you from philadelphia. how's it going >> it's the time to be from philadelphia they call me bryce here. i'm not kidding. they used to call me chase now they call me bryce >> just two future hall of famers representing philly >> exactly >> so, i wanted to get your thoughts on the company
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docusign the company is in a growing e-signature cloud industry, has beat earnings for share the last four quarters, however a lot of competition from adobe, intuit >> that means, you just named why we have not pushed it because i happen to think intuit is great, adobe is great they have a lot of -- they have a lot of competition it is a good company, though, and i would like to have them on the show that's my take go phillies. okay, how about sebastian in new york sebastian. >> how are you, how you doing, jim, boo yeah. >> boo yeah. >> good. i'm calling about iq stock i bought it last year around april. it was at $22, then it went to $45, made a lot of money on it and i held it and i went down and now it's back to -- it's down to $25 and i would like to know where they're going >> the chinese netflix, it's too
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hard honestly, it's too hard. i am all in favor of ali baba, the chinese microsoft, that i can get behind but i just think, i mean, no the answer is, don't buy, don't buy, don't buy know your ipo, people. if you want to play the boom without an immense risk, embrace the indirect approach and nasdaq and goldman-sachs and morgan stanley and amazon much more "mad money" ahead. the dow will have a new member with an old name i'll tell you what the new dow chemical could be worth investing in then, mad tweets gets literal. all your calls, rapid fire, tonight's edition of the lightning round so stay with cramer >> announcer: tomorrow, kick off the trading day with "squawk on the street" live from post nine at the nyse. >> it's april 1st, everybody we haven't done any april fools. i mean, to me, april fools is always a great thing and we got
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to -- come on. we got to have a little fun on a day like today. >> announcer: it all starts at 9:00 a.m. eastern. plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology that captured carbon like trees we could help lower emissions. carbon capture is important technology - and experts agree. that's why we're working on ways to improve it. so plants... can be a little more... like plants. ♪
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finally, finally, dow dupont, the colossal chemical company is going to start breaking itself up tomorrow morning. remember when the old dow chemical merged with dupont in 2017, a deal they started planning at the end of 2015. the plan was always to briefly combine forces and then break the company up into three separate pieces that would each dominate their respective end markets, agriculture and crop protection, the new dow for material science and the new dupont for specialty products. instead of one gigantic conglomerate you'll get three more focused businesses. really viewers now i'm a gigantic fan of break-ups. the ones that unlock value and i thought this was a very good idea from the very beginning but i was way, way too early when it comes to recommending the stock to you, not to mention the charitable trust which you can follow along by joining the action words plus.com club and you can see just how miserable this thing has made me
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yeah, you know, i even whined about it to my wife this weekend. yep, as we waited for the company to split itself up, dow dupont shares just got slammed for the last 15 months this has been a very tough stock to own, in part because many of its businesses are cyclical and nobody wants cyclicality when the economy starts to slow down. still the central idea was always sound, rather than competing with each other, dow and dupont join forces and break the company up by vertical i don't know how the justice department antitrust vision let this deal happen but they did and long-term it's going to be a huge boon to these businesses. that's one reason i've long held that the sum of the parts here is worth more than the stock market's been willing to pay for the combined company the split is the key to unlocking that value, people and tomorrow, tomorrow, the break-up begins when dow dupont spins off the material science division as the new dow which
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will take its parent's place and join the s&p 500 how are they being done at the same time? the new dow is a material science play, plastics, performance materials, and more consumer oriented chemicals. so, what the heck should you do with your dow if you get it because you own dow dupont, perhaps at my instigation, or if you want to buy the company? again, i got to acknowledge that owning dow dupont ahead of this break-up was one of the bigger mistakes i made. the global economic slowdown, the stock has been less attractive and let's not forget the horrible flooding. things really took a turn for the worst last october when dow dupont had to take a $4.6 billion writeoff right there. okay when the company reported a couple weeks later the numbers were better than people feared but it really doesn't matter didn't matter. now, by late december, the stock was rallying off its lows. we were looking good
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we were looking good but the rest of the market, january, the company reported not so hot quarter with big revenue miss, inline earnings, took my breath away. paired with some tepid commentary about the state of the global economy in 2019 finally adding insult to injury just last thursday, dow dupont lowered its revenue forecast for the first quarter, flying in the midwest that i mentioned, the flooding, as well as margin compressions and some one-off issues in germany and kuwait it ultimately ended up rallying. investors are focused on the future, what the the three separate companies will look like after the break-up. this could be a big deal you can see when you get that -- you get some sort of reversal, it can really be very exciting for people because they say, wow, maybe the selling's over. which brings me, of course, to the new dow. the first of the spinoffs starts trading tomorrow as a separate entity if you already own dow dupont i
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think it's worth holding on. if you don't own it, i would be a buyer. there are six severticals but three major, industrial intermediates and infrastructure and packaging and specialty plastics this stuff goes into everything. right now, dow signaling that each of its divisions will be in a position to grow faster than the global economy while also improving their margins. that's good news some of that expansion will be the result of management tapering off as investments in the underlying business. for the past five years, dow dupont and its predecessors have invested substantial amounts of money in growing this production capacity that spending can be throttled back, maybe even dramatically plus remember there's still tons of cost synergies to realize because they're a little late in the whole thing. dow dupont this -- dow dupont's ceo or ceo of the new dow, i should say, jim fittering talks about $800 million remaining synergies and expecting to realize 75% of those this guy is a material
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scientist. he is no lightweight he's a haigt the new dow is going to be shareholder friendly management plans to pay a hefty dividend, 45% of their net income goes directly to you, the shareholder, initially they're talking about 2$2.1 billion in annual dividends that should come to roughly $2.80 per share. you should be thinking right here right now, wait a second, what's the stock price given that dow's shares are currently trading at $53.50, that means with that dividend, the stock will have a 5.2% yield. 5.2% at knethese levels they would he the largest dividend in thedow jones industrial average remember when verizon used to have it? this is good news especially with the benchmark ten year treasury yielding less and it's a safe dividend. meanwhile management's also talking about a $3 billion buyback. i don't expect them to do this all at once but the company will
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have this bazooka if the company starts to struggle once the new dow dupont gets spun off by dow dupont, once the new dow gets spun off, the stock could be pretty volatile for the next few weeks we've seen this with other break-ups, there will be dow dupont shareholders who get a piece of the new dow and sell it simply because they don't want to own what's known as a commodity chemical they don't want that exposure to perhaps a slowing economy. my view, i say dow is worth buying but you should buy the stock slowly and into weakness the bottom line, at long last, at long last, they're breaking up and you're going to get this one tomorrow, okay dow will be tomorrow it's a very big deal i think the sum of the parts here is worth a lot more than the whole and i very much like the new dow that will start trading tomorrow, particularly because of the dividend, the yield is so big, sure it's cyclical but i'm betting any weakness from global economy is baked into the stock and any potential positivity is not
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baked in and i'm sitting down with the ceo of the new dow tomorrow morning on "squawk on the street." i can't wait so stay tuned no matter where you are in life or what your dreams entail,
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♪ it is time for the lightning round. ready to sell. and then the lightning round is over are you ready? lightning round to todd in california >> jim, thanks for taking my call >> of course >> my question's about goodyear. so they're at like a five-year low but recently -- >> anything auto, i think, is going lower, i could not believe that illinois tool was so good today and some of the other auto related. i'm going to stay away from goodyear joseph in michigan >> i'm all about digital strategy and for that reason i'd like your opinion on f tv. >> spinoff of danner, i love danner even more than fortiv but
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it's a good company. i need to go to richard in pennsylvania >> hey, i was wondering what you might think about wdc. western digital corp >> it's a very inexpensive stock but their main products are coming down in price so therefore i have to say, no to western digital. i want mike in florida mike >> jim, thank you for taking my call >> yes >> hey, you are the hardest working man on wall street >> i try to be >> you're the james brown of investing. and i have a question, though, about celgin, the merger with bristol-myers is going to happen so do you recommend holding on >> no, i think it's done you're going to get the merger find the next one. find the next stock. that's what matters. mike in massachusetts. mike >> jim, booyah, booyah, how are you, man >> booyah. >> what do you know about world tower? >> you know, if you're going to
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buy he c bye-b buy healthcare, buy ftr. dave in arizona. >> jim, first time caller here, thank you so much for all your help my stock is care, tdna >> i do not know care decks. i know the heart transplant business, unfortunately, it's not really a business, but let me do some work on it and i will come back. let's go to bill in colorado bill >> jim professor cramer >> yes >> big booyah to you from snowy colorado >> oh, yeah, i saw it was snowing in syracuse too. amazing. what's going on? >> i've been a long-term listener >> okay. >> and about two, three years ago i took some of my "mad money," some of my extra mad money and invested in a speculative stock. >> okay. >> and that speculative stock
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was bought and about, oh, i don't know, about ten months ago it got up to as high as $29. >> yes, it did >> but it since has retreated to about $18.50 to $19.50 a share and it just seems like it continues to go up >> well, look, that last quarter was not that good. the quarter before that was not that good so it's very difficult for aaron to be able to come on and say, hey, listen, let's buy the stock. i don't want you to dump it here, but understand it's down for good reasons it's down because it missed the quarters let's go to mike in florida. mike >> hey, jim. thanks for taking my call, really appreciate it calling about twitter here it's been hammered pretty hard over the last few months, took a position on it, but it's just hanging out. i'm just wondering do you think this thing is ever going to take off and go back up >> i think it's going to kind of hang here for a while. it's got to be able to get more advertising. look, you know, the one -- the three that work are facebook,
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amazon, and alphabet those are the way the people advertise right now. twitter's got a lot of advertisement coming but not enough yet and that's why people like the others. i need to go to eric in california eric >> booyah, jim >> booyah. >> my mother is my grandmother watch you every morning. >> fabulous. >> hey i was wondering about williams sonoma. >> they had a good quarter, roberts did a good job, terrific omnichannel business how does the stock go higher i think you worry about restoration hardware but i think that's a good company, wmic. own it kevin in florida >> booyah, cramer. big shoutout my stock is s.h.o.p., shopfy >> do we like shopify. when we had them on it was 180 and i was impressed. ladies and gentlemen, the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade why are you so good at this?
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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! 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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♪ we're the most interactive show on television and it helps to have the smartest audience. i love to hear from you cramerica. let's get to your tweets first up, we have a tweet that says, note to the producer, please stop giving this man props, at least nothing that could hurt anyone. nerf balls are okay, steel knives and bats are definitely out. yeah, i mean, you know, we did -- when we did this one the
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other day, i did -- i stunk a monster when i came home my wife said what is that cologne? i said that's eau de monster is my grandma your interior decorator? no okay you know, maybe. doesn't look that great. i admit to that. oh oh, that's evan and bob marley going at it. they ripped this she was so angry, and then somebody says, listen, how do you -- what kind of furniture is that look at it it's like wayfair. if you have two dogs and they do all this stuff inside, when they're supposed to be outside, well, what -- you get my drift all right. our first tweet says, oh, no, first tweet, this is good because it's kind of our third tweet. facts, jim cramer is the spawn of an unholy union between don knotts and anton levy.
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yeah, there's some truth to that that's a very unfortunate one, but thank you for that wow. okay yeah all right, this tweet says, jim, did you use a lyft after this photo was taken? absolute classics, #legend oh yeah, that was a polaroid. okay, you know, sometimes when you're in summit, you think you're at home and nobody sees anything, right? well, that's wrong now summit's off limits too. i guess you just can't get dressed in a, you know, a whole armor of bud and get really drunk anymore. here's a tweet that says, jim cramer can't take the heat yeah, right now, everyone's angry at me about lyft because i said it was valued at the same price as the cloud kings what can i do? >> who was that guy? >> who was that guy? who was that guy all right. if you hate me, it's fine. if you decide that i'm a total idiot because lyft dropped below the ipo price, fine, watch the
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other idiots okay, and here's another tweet somebody needs to stuff a bran muffin in jim cramer's big fat pie hole i guess that's lyft again. i mean, what else did i do i never kicked a dog, even when everest, you know, did kind of, in the middle of a hall, you know what i mean never. all right. this tweet is a little more compassionate. it says i read some replies to your posts and i can't understand how you don't throw your phone in the hudson river well, the answer is, because i throw it in the east river all right. all right. i like to set -- no, i don't like to say i'm not done jimbo, did you use lyft? this is a classic, this polaroid that's when i used to drink bud. i switched to, you know, i'm a corona guy now stick with cramer.
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- i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again?
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- anncr: prevagen. healthier brain. better life. ♪ tomorrow we get a stock, a lot of people feel it's going to not report a good quarter, walgreens, it's a dow stock. i am concerned that if they guide down, you're going to get some selling that you didn't see today because today's the first day of the month but remember, april has historically been a terrific month, so if we get the china deal and we can do deals better than they handled lyft, lyft again, mea culpa. then we might be off to the races again. i like to say there's always a bull market somewhere. i'm jim cramer and i will see you tomorrow
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>> narrator: in this episode of "american greed"... in grand rapids, michael vorce has money to burn. >> he was going to bars and tipping $1,000. he was buying expensive clothes, up to $20,000 at one visit. >> narrator: he drives fast cars and fast boats. >> he'd load the boat up with girls and go out and party. he was living the lifestyle. young guy, lots of money, throwing it around. >> narrator: he says he has a fleet of more than 50 luxury yachts. he has the papers to prove it. 's

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