tv Mad Money CNBC April 23, 2019 6:00pm-7:00pm EDT
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there are often interesting and worthwhile information to wait for. >> that's the more you know. >> a rainbow >> ebay is higher and it has room to go even ghhier >> that does it for us see you back here tomorrow "mad money" with jim cramer starts right now 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. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer
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the dow gained 145 points. the nasdaq pole vaults 1.35% another record i say blame the short sellers. look, i know the shorts catch a lot of flack by betting against stocks in the hope they'll go lower. we all acknowledge short sellers serve an important function in the stock market but it's easy to frame them as the villains when stocks go down. that's true. occasionally, even for me i do it i shouldn't. i used to make a lot of money shorting stocks at my hedge fund but that's not the whole story short sellers can serve as rocket fuel for a bull market. that's right in other words, when the shorts finally throw in the towel, and give up on the stocks they love to hate, these stocks tend to explode higher they have to because that's what happens when you have to cover
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your short exhibit a, hasbro. hasbro which we'll hear from later in the show. a monopoly money, not. here's a stock that's been a punching bag, like shooting fish in a barrel. today it reported an amazing quarter and vaulted more than 14% as the shorts capitulated en masse and when they give up they need to buy back stock to close their position, 12-point run. >> buy, buy, buy buy, buy, buy. >> shooting fish in the barrel, not. why do the shorts love to hate hasb hasbro did they not like nerf was their play-doh taken away from them when they were little people is that what happened? did they cheat at monopoly no ever since the surprise liquidation of toys "r" us they've been stuck with excess inventory. nobody knew they would shut their doors.
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when it did, it just closed its doors went under, not only do hasbro lose a bunch of retail outlets but they were flooded with product you might think someone would know where all that inventory ended up but it was impossible to tell so for several quarters in a rojasboro was caught flat-footed with too much merchandise. it's incredibly run but until it worked its way through the glut there was just no way for them to predict the future. we knew issues had to be transitory only so much inventory out there. but many gave up on hasbro and owning it was too hard and the short sellers ran wild because when it dropped it dropped huge until today. until today when the company reported spectacular upside surprise earning 21 cents. looking for an 11-cent loss and the shorts were deeper than when my wife hooked a red snapper off an oil rig in the gulf of mexico
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during the tar pit rodeo the shorts didn't get to get these. the last time hasbro's ceo came on the show he told us the inventory was under control. did you listen to? i did. even if you didn't believe him listen to marc butler, the ceo of ollie's bargain outlet holdings who came on this show and explained to us he had a good winner in part because he had so much toy inventory from the toys "r" us liquidation. it's like a big puzzle and that's where all that ended up it's when the stock being from an annuity short to a terrific long like it used to be and i bet they have a lot more room to run. licensing deals with disney meaning they'll make a killing from the new avengers movie and the newest "star wars" out later this year and fortnite games later, the second short gone awry, oh, my, oh, my, this one, this one is just -- it's shaking
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people to their bones. qualcomm up another $4.83 today. a little over a week ago they were at the precipice, the suit was going to court and everything was in the balance. >> sell, sell, sell sell sell, sell, sell it happened when their technology was the basis for most wireless communication it's hard to get around their patents. they designed amazing semiconductors if apple won qualcomm could have been dire straits. they pay a big dividend and that would have been called into question the stock would have been obliterated. the smart money was betting apple would win because so many companies have challenged qualcomm for monopolistic prices over the years, but, man, if qualcomm won it would go from expensive and dangerous to incredibly cheap what happens on the first day of the trial apple decides to settle with qualcomm and both have been on fire ever since the one roaring,
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a7 stock last monday it's now at 86 and change stock, up another 5.8%. that is better than a takeover it was one of the most heavily shorted stocks i've seen in ages when it went from dog to darling in one afternoon the shorts were eviscerated. but it turns out there just wasn't that much supply between the 50s and 80s. 00s when qualcomm was trading and where it is now. i don't think it's even done yet. qualcomm is a fabulous company and without the apple case weighing on its stock it deserves to go higher since apple is going to keep buying their chips for the iphone what else? all right, how about twitter over the past year investors have gotten used to the stick of failure as twitter tries to clear out the trolls and make its platformer hospitable. you see jack dorsey with the president. how about that
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what the heck was that about you had to figure there was a point where everything could be scrubbed clean and no more issues with horrendous hate whose keep changing their names and never let up tell me about it in the meantime, their stock was tough. they report a magnificent quarter and it pole vaults more than 15% where advertisers chose them for their centerpiece like hbo did with "game of thrones. like every home run that is hit becomes mainstay this was the quarter, how twitter was able to blow away the numbers. you know what, again, not done i predict many upgrades. kohl's two weeks ago we had their ceo on the show and she told us a wonderful story about a little eanie teeny bit pilot program with amazon that was going well. amazon was basically using it as a depot to return things in person without having to pack them up. they got the benefit of having
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all the potential shoppers walk through the store and provided a huge boost for the 100 locations where they're doing it jpmorgan yesterday cut its estimates for kohl's everyone knew that if you listened to the show it was the most well-known shortfall i've come across didn't matter, the stock still mistakenly got hammered. the shorts were all over the darn thing why not. anything worse than owning a department store stock no wrong. today we learned amazon has obtained warrants that once vest ld allow it to take a 1% stake in kohl's and returning it to all its department 1,100 locates. it's a home run people that's why kohl's vaulted nearly 12%. shorts were crushed. it's not done. yet the bottom line is the short sellers tried the biggest ammo
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their pain is your gain. some bad-mouthing them if you own them i think you owe them an at that boy because they made you a fortune ricky in pennsylvania, ricky >> caller: jim, boo-yah. >> boo-yah, ricky. >> hey, the stock i was calling about was tesla. >> right. >> caller: yeah, right now it's trading at 264 a share and it's bounced off these levels before. with the stock hearing a 25% short flow do you think the short start to cover from here and trades higher or will continue to drop. >> i think it is a total battlegrouptdz i don't think there is any way to foresee what will happen and will produce many different people on twitter saying i am a wishy-washy blah blah blah you know what, go ahead. i'm tired. let's go to ann in california. ann. >> caller: hi, jim thanks for taking my call.
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>> what's up. >> caller: i'm great thank you. i have a question about maerck, mrk. the whole health sector has been hit but wondering if there's something going on with them in particular because i own some and still up on it and whether if i should hold on. >> ann, i am close to merck. i know that ken frazier is doing a great job. keytruda is amazing. buy, buy, buy. you've got to take advantage all right. let's -- oh, wow well, there we go. thank you, shorts. some today's biggest winders, hasbro, qualcomm ex twitter, kohl's have the short sellers to thank for today's terrific action. thank you, short sellers on "mad money" there was no joy in toyland as hasbro suffered fallout from the toys "r" us bankruptcy but could today's move higher after earnings
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signaled it's turned a corner. talking to the ceo and off and running this earnings season with more than 140 s&p 500 companies reported to report alone. last week, i'll reveal a surprise and it's time to look back and it's been called the uber of health care so could a private payer like doctor on demand could be the answer i'll get an update from the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.
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fault of its own since toys "r" us filed for bankruptcy funding the industry with excess inventory. they report another shortfall. at the beginning they were trading at a multiyear low and hardly anyone wanted to stick their neck out to fear of getting their head chopped off but their ceo kept reassuring us the problems were temporary and turnaround would be at hand and told a terrific story when he came on february 11s1th. i felt like the bottom was here. company is searching 21 cents. 11-cent loss, much higher than expected sales and surged more than 12 bucks or a little over 14%. triple dilg it territory. could it have more upside. let's check in with the chairman and ceo of hasbro to get a better sense of this quarter and his company's turnaround welcome back to "mad money."
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>> hi, jim >> you told our viewers this was about to happen and there are not just one surprise but many surprises that occurred this quarter that were so great, could you tick down a couple of them so people realize how many things went right for hasbro this quarter. >> we saw good growth across many segments of our business. our franchise brands were up our gaming business was up our emerging business was up. we have an amazing array of disney-led initiatives and then we also saw that magic the gathering, magic gathering arena grew in the quarter and we're seeing the traction around magic the gathering arena. our gamers are playing the game. more than 700 million games have been played. people spending about eight hours a week playing and so we're seeing some great progress in our international markets, our european business has moved
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ahead. we expected to see a turnaround in international markets and they were up absent 4x in the quarter and seeing that kind of progress in the growth of our retail footprint so overall feeling that we've made that kind of progress that we wanted to make toward profitable growth for 2019 >> could you speak a little more about magic the gathering? 7 million is lost on people. that's the kind of a 0 to 2,000 miles per hour situation i was shocked at how quickly this thing has taken off >> well, we've been growing magic the gathering for a number of years in tabletop and what's been so heartening we've been investing to build our digital capable as a company and engage with gamers. we're now in beta on magic the gathering arena and it's continuing to increase in retention and engagement and monetization we were just at pax east in boston a mythic invitation event for magic, a million dollar prize pool in our esports league and
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seeing players engage with the brand. it's very heartening to see how both tabletop as well as magic arena digital is growing we're getting an array of new players and also getting a lot more in-store players because, remember, magic began as a face-to-face game and the entire ecosystem growing and we'll roll it out around the world and a number of new events and new digital initiatives then an array of suite of other games around magic the gathering, a more casual game for mobile that will come later called valor's reach in test market right now. >> brian, how is it possible that games of my generation, play-doh and monopoly were something like transformers which seems so old are brand new. the numbers are extraordinary. how does this happen >> well, we continue to reinvent, reimagine and reignite these brands and always bringing
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new stories and new characters based on proprietary consumer insights transformer we had bumming bee as a feature film. now in the home entertainment window and saw incredible results around the world including in china so a transformers brand we continue to tell new stories partnering with cc-tv national chinese television for a story that combines it with chinese mythology that will air first time since the 1980s transformers on television in primetime in china and that's an area we're really growing and want to continue to tell stories, engage digitally and continue to reinvent, reignite. >> i got to hand it to you monopoly cheaters edition. monopoly fortnite. how are these doing? >> i know. they're doing white well, of course, we have our "game of thrones" edition and new editions coming later this year and have a "lion king" edition for monopoly but good old number
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nine monopoly is also growing and want to be back playing games face-to-pace and want the social einteraction. we feel like we can tip to reinvent and reignite in that category as well. >> i want you to talk a little about the kind of people you can get because of what you do in terms of social things one thing we've been working on, identifying the companies that do well and therefore by nature actually do well for shareholders you've had a phenomenal record of corporate shareholder responsibility and i bet you the people you get are people you would not otherwise be able to get if you weren't doing things like this. >> you know, we're very proud of the fact we've been named the world's most epical country in the world. people coming to work for us from all over the world opening and increasing offices around
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the world in los angeles, we have an incredible games office is where magic the gathering and dungeons and dragons exist outside of seattle, washington, and growing around the world our home headquarters in rhode island bringing in new capability and half of our employees to the company are new over the last five to six years so always thinking about those new skill sets, engaging with an array of audiences and being open to everyone who can join hasbro as an equal opportunity employer. >> there's something that is noncynical about the people who are successful and i think that you are completely noncynical in what you bring to the party. you must be getting the cream of the crop of people who want to do something other than just program. >> well, you know, it's so interesting, our mantra is making the world a better place for children and their families and we all give back as we go into new markets are waying to give back to those
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communities and that's really just the watch word of everybody in the company we have an amazing team. i have an amazing array of colleagues and it's really the team that performed at such a high level this quarter and got traction in the market much earlier than we expected and got some games that we've certainly expected throughout the year but it's great to see in the first quarter so we can get a line with our constituents and they can see a return to profitable growth this year and expect as we continue if a few more things break right 2020 can look like 2017 and be back on track and beyond the toys "r" us disruption. >> thank you, brian, chairman and ceo of hasbro. this stock is not done going higher "mad money" is back after the break.
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so many very smart people get the stock of pepsico so wrong? last week the beverage and snacking titan reported a blow-out quarter and the stock soared to new all-time highs but the legions of skeptics who doubted them we have have to figure out how could they have gotten it so wrong. investors gave up on pepsico en masse with judy hong downgraded it to a sell look would you sell this stuff? to a sell. pretty much writing off the company's ability to turn itself around even as it started rebounding, the bear taxes just kept coming yet under both the excellent old leadership and new leadership who recently took her place they have defied the pessimists and come out on top. why couldn't the bears see this coming apropos of what i talked
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about at the top of the show, as 2018 kicked off investors were worried about pepsico. we saw a slowdown and by the time 018 rolled around the problems seemed to be getting worse. driven by younger generations who disdain preservatives we were seeing a major shift away from soda toward things like lacroix, that sparkling water my family lies so much. pepsico launched their own competitor bubbly which i like so much but not many people believe it would be a big hit. when they issued its first full year forecast management told us their organic growth would be in line with the previous year's 2% to 3% number that was pretty tepid at the time of course, if you listen to the conference call which most do not, the february of 2018 call ceo assured us she assured us she could turn around the
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troubled north american beverage business listen to this, quote, its performance still have tremendous room to improve and taking the right steps to realize those. she asked you to give her the benefit of the doubt but foolishly many of these analysts, they wouldn't give it to her at the same time pep was troubled by the same issues that weighed on the entire industry, the strong dollar, rising interest rates that made high yielding stocks like this seem less attractive so roughly a year ago before pepsico was set to report, judy, very good analyst of goldman sachs downgraded it to sell. its market shares in the beverage space and limited end speak. there's not much to do to the narrative. it's true. not so hot the bears felt vicinindicated
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it's gradually worked its way higher a couple of false starts when they announced they were acquiring soda steam for 3.2 billion in august wall street wasn't thrilled last october indra nori stepped down, taking the helm and her final quarter wasn't picture perfect and pepsi beat the expectations and pesky high freight costs. that's not much but investors freaked out and stock sank from 115 to 105 in its october lows while it managed to rebound, it broke down in late december along everything else falling back to 105 by christmas you know the whole trajectory. fast forward to february, the first conference call at ceo and while the headline numbers were solid, 4.6% organic growth, his
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full year forecast was complicated. he guided for pepsico to earn 550 per share well below 557 the analysts were looking for yet he was talking about a down year. something that terrifies money managers for safety stocks like pepsico. he did a fantastic job explaining this ugly number. a combination and the company making key investments in the fu future once again they ask the for the benefit of the doubt more importantly while the earnings guidance wasn't so hot revenue was fabulous 4% for 2019 he told us for a mass company like that organic growth is everything and the difference between a low single digit number is enormous. everyone freaked out when they talked about number in the 2.3% rank and it rallied from 112 to
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115 but the bears came out of the woodwork and this time it was credit suisse and had a sell in a note titled mountain of things to dew, d-e-w it's coming up with terrible puns and had a laundry list of negative, the struggling beverage division, newfound competition, give me a break, and uncertainty about his ability to hit otherwise own targets. pep was asking for our trust credit suisse says don't give it to them. for a few weeks it kept a lid on the stock and started running in late march because lower interest rates made it more attractive something that's bolstered most of the staples and they reported last wednesday this time pepsico posted a strong 5-cent earnings beat higher than expected revenue driven by 5.2% organic growth
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rate when i saw this, people, i was driving in and i was jumping up and down i could not believe they had in firepower. while he only reiterated full year forecast they didn't raised first year it seemed like he's being conservative to underperform -- overperform while under-promising. they had a plan and the plan is working. frito-lay is on fire the troubled north american beverage business saw an acceleration thanks to new packaging formats, glass over plastic and bubly and lifewtr. as he said on the conference call innovation is really working very well. in response it surged to new highs and bears were forced to upgrade it from sell to neutral.
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at what point do you have to go to a buy a that's dowelled its dividend asks you to trust them and then the analysts sweep their hands, i say, trust them. suspend your disbelief if you gave pepsico the benefit of the doubt you have terrific gains. even after this i still like it for the long term. pepperoni si co-is the one >> caller: after being a longtime investor and seeing the stock price drop and his dominance in the organic category being eroded. how do we see him now because i'm an investor that held on way too long with hain. >> you know what we have to do is it really fair we judge him without having him back on the
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show i think that's the way to approach it because i share your skepticism i see the stock as a $2 billion stock and know is that right irwin, i'll ask you to not defend your life but you got to come on because i don't know if i like the stock spencerer in ohio. spencer. >> caller: thanks for having me on the show. what do you think of ticker oi do you think their returnable -- >> i'm so pro-glass. plastic like dow is not going away and glass is fault coming back as fast so i have to say oh, i can't recommend it as painful as it is i love to recommend them on the basis of, wow, i wish we used glass. i can't do that. my job is to help you make money. now, if you gave pepsico the
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benefit of the doubt you will be looking at a super nice game and i still like pepperoni f-- pepsico. a private player revolutionized the health sector. i'm talking about dr. on demand. you won't want to miss this. how can we get people back into atone stocks instead of hiding so long? my take and rapid-fire and this edition after "lightning round." stay with cramer
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there's been major turbulence in the health care industry they want to formulate a single payer system it would mean many of them make a lot less money but this is important. americans pay more for health care than any other country. many cases we have worse outcomes chts that's one reason we're seeing a massive push for greater efficiency and one of the ways that's happened is with telemedicine doctor on demand privately held company that
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bills itself as the leading virtual provider you see a doctor over the web because there are a lot of problems that can be handled that way wait time, five mens tomorrow they're launching a new health plan in partnership with humana called on hand. it could be a very, very big deal let's take a closer look with hill ferguson to find out what it means for you, for business and for the broader health care sector hill, welcome to the show. >> thank you. >> what happens beginning with humana when someone wants to visit a doctor. >> we're announces a new health plan in conjunction and first ever virtual plan design that enables members to see a primary care doctor on their time, we're bringing care outside the four walls and into the home or into the car or office, wherever you are so that you can see your primary care physician whenever you need them. >> what percentage of illnesses
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or complaints can really be handled over the web >> we resolve about 92% of our cases today. for that remaining 8%, with this new plan design wawe'll have pae us first if they need to see a specialist we will refer them if they need to get imaging we'll help make that happen for them so we're really acting as a concierge. >> there is a bizarre disconnect between what i hear in washington and what you're doing between single payer, revolutionary and what -- and just like the full course ridiculous nature we have now would be you why is your company not part of the conversation when i hear from the president -- presidential candidates. >> it should be and i think they're starting to catch on they are very much looking to expand access and lower costs. typically hard to do at the same time but telemedicine is one of
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those rare things that does both it opens accession and lowers cost to the sid and starting to become on the radar of your government see the new reimbursement acts in medicare advantage coming out in 2020. hopefully that's a sign of more to come. and it's all about how you get reimbursed in this industry is what drives behavior. >> what is the difference between you and teledoc. >> we were founded six years ago. our model is we're -- think of us as a national practice of employed physicians so we employ primary care physicians, psychiatrists and psychologists which is part of the reason that puts us in a great position to do virtual primary care. we're not a network of independently contracted docs that talk to patients on the phone. we're video. we're messaging and phone with employed physicians which means our patients can come back and see the same doctor and develop a relationship. >> i think that one of the
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things that has caused more bankruptcy than anything else is health care. and when i hear the premiums go up that's onereason why the middl class is being hurt. what do you have to say them with your company? >> yeah, it's a real problem, the cost of care is exorbitant and the quality is not improving along with costs one thing so exceeding with humana they've been invery separating for 30 years and this will be priced at almost the cost of a traditional care plan. so we're able to take a lot of the delivery costs out of this model which will pass through into premiums for members so we're doing something in this area with this new plan. >> people will listen and tomorrow they'll call humana and say, look, i'm being -- i'm paying $5,000 a month for this stuff -- can i get in this how do you get in? how do you become part of it
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>> i hope people are calling. >> they will i have my pulse on it. this is the big graveyard of finance for people in this country. >> yes so it will be rolled out this summer i think it will be met with a lot of positivity particularly with small businesses. many of whom are on the sidelines and can't afford to cover their employees so this issing itted to that population so very affordable and accessible. >> why would doctors want to be involved >> yeah, so doctors are becoming more and more burnt out in this industry our doctors come to us with 15 years' experience. they're disenchanted with the system and don't like spending three hours a day working in a health record that is opt miced for billing and not for patient care and so they come to us for a new way to practice medicine, one that's all about patient care one that simplifies their life we don't ask them to do a lot of administrative things in a brick and mortar setting so on our platform they can join our practice and just help patients.
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and all the administrative burdens are removed and taken on by our technology and our practice. >> one last question, hospitals, emergency rooms, deluged with patients when you're full out working what does it mean for emergency rooms? >> yeah, so we actually treat 90% of what can be treated or comes into the emergency room today. >> 90%. >> 90% and so much of that is causing problems for people who do come in with a real emergency so they're overcrowded and that's a primary use case of our service today. >> i hear these things and listen to what single payer never going to happen. i think that perfect is the enemy of good and you guys are offering good service. that's hill ferguson they deal tomorrow with humana understanding it is not public yet but stay tuned "mad money" is back after the break.
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scott. >> caller: hey, boo-yah, jim how is it going? hey, i'd like to ask you about one. i'm in the used car business and every customer says, carg, car guru is what brought them in the door i bought their stock last year they're best form of adverti advertisement. what do you think about them >> you are smarter than i am i like carmax but we'll do a deep dive on car gurus because of exactly what you told us because you teach us thank you. lori in texas. lori >> caller: hey, b-b-boo-yah from austin, texas. >> i love austin, texas. >> caller: i'm a big gold. i love gold. what do you think aid. iamgold. >> i am not gold
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i am barrett goal and like the mark of the doctor there let's go to daniel in florida. daniel >> caller: hey, jim, i had a quick question line technology invisalign had a big drop. what is you are yo thought >> i thought -- they got dental vision and 3m against them align still owns the market. i was too negative >> buy, buy, buy frank in new york. frank. frank? >> caller: hi, this is frank, out? staten island, boo-yah, jim. >> boo-yah, frank. >> caller: i want to find out about -- your thoughts about johnson & johnson. >> i think johnson & johnson is the earnings, the fundamentals versus, okay, listen, versus talc and i happen to be a believer that j&j will prevail i know that is a minority view and it's why j&j keeps failing
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at 140 but my charitable trust owns it and sticking wit avery in georgia avery. >> caller: boo-yah, jim. my question is about electronic arts, ea. >> the gaming stocks, they are just a battleground and i don't want to be in a battleground it's too hard. let's go to art in rhode island. art. >> caller: hi, how are you tonight? >> how about you i'm good >> caller: good. i'd like to get a little information enlink >> they're like wasting assets and no longer recommend any pipeline stocks trying to save people money and i can't if i recommend a pipeline stock let's go to kevin in florida kevin. >> caller: hi, jim my stock is nexterra utility. >> i should put them in there. jack in california jack >> caller: big boo-yah, jim. my question is on bidu.
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>> it is good. we know that baidu is a very strong track record but alibaba is my favorite, baidu is my second favorite. fran in florida. >> caller: greetings from florida. >> of course >> caller: jim, i know you like blackstone but what are your thoughts on kkr? >> i like kkr. they're brilliant. distribution is low but i'll never go guns those guys and, yes, i was in favor of blackstone more. one more let's go to jonas in missouri. jonas. >> caller: hey, jim. boo-yah. >> boo-yah >> caller: canopy growth has been turning upward in the last few weeks. do you think this is a buy now or wait for a pullback >> canopy? i like canopy. it just had a big spike. you buy a little and then you let it come down and that, ladies and gentlemen, is the conclusion of "the lightning round.
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and i think that's a shame because right now stocks are the best asset class in town what are you going to do put your money in bonds, cds ten-year currently yields a little over 2% make the market more hospitable for you. when i say do something i have a three-point plan for the restoration of stocks that can benefit regular people the endless creation of etfs is allowing fast money to whip in and get out against all sorts of rules. of course, bear raids are much easier to engage in. the securities and exchange act created the s.e.c. and kind of in '38 and fleshed it out. i want to bring back the uptick rule where you can only short a stock on an uptick it was repealed in 2007 and the next year had the worst crash since the depression genius move. that's the problem
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they're a powerful vested interest that don't care about public investment. the uptick rule gets in the way of how etfs operate. that's the biggest business today for the stock market is etf creation they need the equal ability to go short or long quickly they have said, nope, shorting stocks should be made more difficult but those regulars were captured by the industry and the industry has a bias towards institutions, not you. hardly anyone speaks for the individual except for me you wouldn't get the kind of hideous lightning fasseloffs we had around christmas times if we changed the rules back so much money restoration it seems impossible don quixote over here. i would be happy if they assessed the impact of these etfs on the lack of liquidity in the market and exclusion of the investor investor. we need to return to the days where people could own 100 shares of stock they liked they would split and the show of solidarity with the individual investors and get a three for
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one. i know in theory splits aren't supposed to matter but this is something that excited regular people and could come in and buy 100 shares the preferred amount. unfortunately great stocks this year at alphabet, netflix, all sky high dollar amount prices. where few individuals can afford to buy 100 shares. what's the argument against splitting the stock, institutions end up paying fewer cents per share in commission if they're buying one share of amazon rather than four shares after a split. your index fund does benefit too. these high share prices have driven away you. driven away the little guy causing so many to miss out on this magnificent rally because they seem too expensive on the dollar amount. i know it's irrational and know we should be able to convince them to buy ten shares of amazon instead of 100 however people aren't always rational and this is one case where we were consistently irrational in the same way you split and bring in more money. i want more people in these great stocks i really do. finally i want to see the heads of the exchanges and s.e.c. and some key industry ceos come
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last week there was an unbelievable quarter for honeywell and i thought it couldn't be equaled then today greg hayes from united technologies put up another amazing quarter and there we had otis coming back and climate control is good but this pratt & whitney ary rowspace is incredible ary rowspace, solution and honeywell and why united technology had an incredible acquisition. all i can tell youary rowspace is still big like to say there's always a bull market somewhere. promise to find it right here on
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"mad money." i'm jim cramer and i'll see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ is a fashionable way to bring out your inner animal. what's up, sharks? my name is alexander mendeluk. i'm marley marotta. and we are the co-creators of spirithoods. we're seeking $450,000 for a 15% stake in our company.
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