tv Mad Money CNBC June 7, 2019 6:00pm-7:00pm EDT
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trade. >> i didn't know they were options action fans. >> that does it for us see you back here next friday at 5:30 p.m. eastern time don't go anywhere. "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 and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet @jimcramer. when the market gets incredibly oversold like it was coming into this week, remember i told you, you have to expect an amazing bounce even if the news flow is
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merely okay but when you get great news in an oversold market, you end up with the most spectacular week of the year 1.05%. nasdaq surging 1.66% buy, buy, buy, buy what a week. stocks caught fire because the federal reserve blinked. when fed chief jay powell told us that he'sready to cut interest rates, if he needs to, it was a game changer because newsstands put a safety net on the market suddenly bad news becomes good news which is why we rallied today on a disappointing labor report just 75,000 new jobs created in may also what the government taketh away, the government can giveth. the market tanked when president trump came out completely out of left field and announced his tariffs on mexico which will kick in next monday at 5%. today, though, trump said there's a good chance he'll be able to make a deal with mexico
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that fore sauls tstalls the tars that caused a wave of short covering in the s&p 500 and much higher prices and it didn't hurt that we got some fabulous earnings this week, salesforce.com, incredibly bullish guidance breathed new life into the cloud kings that have been sluggish of late vm has come back to life i would buy that one, by the way. get it out of the penalty box. some of these companies didn't report great guidance, but i think vm has been overly punished i expect more upside what else? well, this week we had no real news on the china front, thank heavens, personally i think no news is good news because whatever talks the administration is having with the chinese should be conducted in private for heaven's sake still i don't expect to deal with china i do expect the president to slap tariffs on another $300 billion of goods. i'm worried that apple will be hurt by both sides here. as much as i like apple, and you know i know, i still believe nothing's changed here, i want
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to own it, not trade it, if you can't handle the negative headlines, listen up right now after today's jaunt back to $190, up today, here's what i want you to do i want you to walk away. get when the getting's good, okay i can take the pain of reversal. can you? it's not for everybody finally we got some earnings from two of the hottest ipos i've ever seen, beyond meat, which i'll actually eat one, it's not that interesting. zoom video the numbers are incredible the insane runs have been justified. with that in mind, what's the game plan for next week? first, one way or another we're going to get some resolution to this mexican tariff situation. hopefully we'll be able to work out a deal i don't think mexico is our enemy here, although i don't like the mass migration into our country. neither democrats nor republicans should but they can't seem to get along to do anything about it. how about the earnings on monday morning we hear from four industries, remember them, big maker, this one's been rough. thor's now endured quarter after
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quarter of disappointment. the stock was on fire and there was a sense that the millennials loved camping or glafrping or whatever in rvs and we thought it was a powerful secular growth story but the industry turned out to be as cyclical as ever and the stock has been annihilated. can they turn things around? i don't know i know there's value here. maybe there's a catalyst when we see the quarter. maybe not. also on monday, little tricky here, eli lilly is having an update but it's just on diabetes it's the american diabetes association. that said, i think the stock could ramp on any good news because it happens to be the key product line it's levered to diabetes, one of the best pharma companies on earth but the stock is down. i bet management tells a very good story and you can buy eli lilly which is one of my faves on tuesday, dave & busters reports. experiential and keeping with the best of the restaurants. what else? i'm always trying to get a better read on the state of the economy, particularly small business it's not really measured well by the commerce department. it's kind of information just
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really hard to come by and that's why i like to listen to hd supply. the conference call's usually pretty informative company supports thousands of small businesses when hd supply is weak, it has caused, believe it or not, whole swaths of the stock market to get hammered but now that the federal reserve is your friend again and weak data point from these guys may be positive yes. good news is begotten from weakness lululemon, what can i say. these guys have just gotten it right. they're charmed, okay? lu's got the right product at the right time and i would still buy it after the close, here's a little snakebite. rh has been a real stinker lately down more than 25% for the year. a lot of that has to do with the company's chinese exposure they get a lot of merchandise from the people's republic and its furniture. as the ceo points out, they source so much stuff from china they really can't just flip the switch and move the supply chain out of china that exposure has cost them a fortune, though. i think rh will remain in the
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dog house as long as the trade war continues and if were to ever abate it might be the go to name on this whole board thursday broad ccom reports. the visionary ceo will try to explain how the company's been able to thrive in spite of the trade war because it's protected by ca and this is all just cell phone. well, broadcom will have a hard time blowing away the numbers, they do have a consistent track record that's been a real bad short. finally on friday, here's one we know, centene, governments sponsored health programs and i'm sure the ceo will explain why these acquisitions will be terrific for the numbers centene might be worth buying ahead of this. the managed care stocks have been rocked by the democratic presidential candidates and i think people overestimate the likelihood of a democratic president being able to pass something like medicare for all. ain't going to happen. we also get retail sales on friday, good news is bad news territory, bulls need to hope for a weaker number.
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i know that sounds ridiculous but when you're at this stage of the business cycle you begin to hang on the federal reserve for every word anything that makes them more likely to cut is good for stocks and a weak retail number is exactly what they need to see if we're going to get a july rate cut or even sooner bottom line, we want weaker data we want disappointment in the aggregate but we sure don't want to see anything weaker when it comes to individual companies and that is a tough tight rope to walk but i bet this market can go higher still as long as the president works out something with mexico over the weekend. let's take some calls. let's go to bill in south carolina bill >> caller: booyah, jim, happy friday >> no kidding, bill. i totally agree. what's going on? >>. >> caller: listen, i'd like some guidance on kohl's i am an action alerts plus member >> thank you. >> caller: and thank you what i'm looking here, i've had three entry points at 74.54 and 51.64, my position at kohl's and i'm just wondering what is the
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acceptable downside from here? >> you know, it's almost to 6% we bought some we're going to wait until 46 thank you for being a member of action alerts plus.com i'm going to address the kohl's situation. i think michelle goss is terrific i don't think they had a good day, that's why the stock keeps going on not every stock can be costco and they keep going up we are taking a value approach in this market does not like value but i have to do something that's contra to the market periodically and thank you for being on the club call next thursday at 11:30. how about kevin in california. kevin. >> caller: hey, jimmy, this is kevin in san diego i'm calling with a stock that came across my desk, symbol is ttd. >> whoa. you're talking trade desk. trade desk is -- we love trade desk it is an absolutely terrific situation. it's the i kept -- a lot of people felt that google could wipe them out. au contraire, it has not been able to lay a glove on them.
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okay markets ended this week on a mie note thanks to the fed signaling it might cut rates thank you, jay powell. in december you almost blasted us to kingdom king, now we're getting action we want to keep seeing weaker data because i think it will be the final nail in a coffin for summer cut my exclusive ceo of boot barn where my cowboy hats, someone took it, and oh, let's just put this one on. what do you think? you know, i'm not a black hat guy. come on, man people looked at me as an in between kind of guy, like a gray hat. stocks up 70% so far this year so are these boots -- is this hat made for walking then you're down with -- you down with the ott thing? i'm exploring the future of television and which plays could pay and is one man's trash your treasure i'm digging into covana's business and i like that yield now. find out if it could make you a winner stay with cramer >> announcer: don't miss a
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in the raucous retail rodeo, are investors ready to give boot barn a big old booyah? >> at a time when so many retailers are struggling we've got to get much more selective about these stocks even when a retailer puts up excellent results there's no guarantee the stock will be able to rally in this environment take a look at boot barn, the lifestyle chain that sells western apparel, accessories, the stockgot hurt bad in the fourth quarter since then it has come roaring back, up nearly 70% for 2019 however the past month the stock had stalled out after that big run. even though boot barn reported a terrific quarter last month, stunning 7.8 growth, management gave conservative guidance boot barn shares have been in a holding pattern and it feels like investors don't know what to do. is this taking a breather before it resumes its march higher? let's dig deep with james conroy, the president and ceo of boot barn, find out more about the company's politics
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welcome back to "mad money." have a seat. jim, you come prepared as always and it's father's day and i'm thinking will my wife watch the show and get me something i want it is very clear, i think, that you are not a retailer as much as you are an experience that is in a store and that has meant that you have been able to break away from the pack, including the month of may when everyone did poorly >> that's right. yeah, our may business has been really strong. we actually called that out yesterday as you pointed out and you're right, we are trying to build a brand and we're building that brand and that experience through storytelling, and that story takes all sorts of forms you talk about father's day. i think every dad has a little bit of cowboy in them, but for this father's day, the story that we told was really harkening back to the military and we were able to tie it together memorial day, father's day, the 75th anniversary of d-day and the stories that we told were about veterans who were dads that started charities and
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nonprofits to give back. and we've -- we are writing checks to each of these charities and investing in them and hoping for great business but not discounting the product to drive the customer. >> and i notice that you stepped up with social you talked about how you're cutting back from some advertising, including the mailings, which i'm glad because even though i still -- i'm of the texture, i like the mailer, that's not the next generation they like it -- you know, there was some outfit, revolve, that came public today, instagram, instagram, and it works, doesn't it >> it does well, what we do is we have three distinct customer segments so when we look at our fashion, wonder west customer, the timelessness of revolve's ipo was great today because that is our -- we try to emulate them. they are the best. >> they're good. they really are. >> but i think a lot of retailers then chase that shiny penny and for us, that's perfect for fashion, that's not perfect for the work customer or the western customer so we speak to each of those customers completely differently. >> at the same time on the conference call you point-blank say, listen, we do have china
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exposure but it's not -- some of it's passed on by the other guys, basically, and not to fret why should i not fret? anyone who has china exposure, i get nervous. >> right, of course, and that's certainly a hot topic. we've been talking about it so much in the past couple days for exclusive brands, you know, it's about 20% of our business now and only a portion of that comes from china so our direct responsibility is mitigated to some degree. even if you push it to the entire assortment of product that's carried by vendors that we buy from, sourced from china, it doesn't really put boot barn uniquely in a disadvantaged position competitively in fact, you could argue that because we're the biggest, we have some advantages that our number competitor, mom and pop, doesn't have we can push back with more buying clout to our vendors and push up to the supply chain. we can shift to our exclusive brands that are margin enhancing. because we've essentially set the price for the industry, we can push whatever comes our way
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down into the store. so, it's certainly something we would have to address if it comes to fruition. but we'll be prepared to address it >> the next tranche. >> right >> now, do we ever get -- do you ever get blowback? i mean, i think some of these should be american made. i don't want chinese shoes does anyone care >> there are some customers that do care, so we do carry an assortment of boots and jeans and apparel there's made in america. most of our cowboy hats are made in the usa, actually >> i see >> we brought one for you, in fact, and not only is this hat, which is our exclusive brand, by the way, not only is this made in america, it's made here in new jersey >> in jersey we don't make hats in jersey, do we >> yeah, we do >> we used to be the hat capital of the world and glove capital of the world >> that's right. that's right >> and is it making a comeback here >> most hat -- most hats are made in the united states, including these hats and they're made in newark and -- >> in newark
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>> yeah. >> congratulations to newark >> that's right. so, given all the conversations about tariffs and made in america we'd bring you a gift that was made here in the u.s. >> thank you i happen to have, i was just down in mexico and i was wearing a baseball cap and he said, you don't wear baseball caps when it's baking outside, you wear one of these and i think that everybody, one of the things i love about you is you're in 33 states but i think it travels everywhere you saw our not just flyover anthem when we came in >> a lot of people think it's just flyover, the middle of the the country. most of our big businesses are in cities, dallas, houston, inland em paper of california, las vegas is a big store, nashville is a big store so i think there's a misconception that it's just pure rural america that where we can grow and we certainly think we can take our 240 stores up to 500 stores and grow across the country and up into new york and pennsylvania and hopefully we'll
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blanket all 48 con tig tiguous states >> my wife loves these but we don't see these in new york city, right? we're not there yet. >> right right. but you would see them in texas, for sure >> my wife doesn't live in texas. she lives in new york. >> you might see those on the west side of manhattan >> we want your store because it's different, for heaven's sake and that's why you're different from all the other retailers in terms of the numbers you're putting up. congratulations. >> thank you very much >> that's jim conroy, the president and ceo of boot barn what do you think? i mean, what do you think? okay >> i like it >> oh, my cameraman likes it that's good enough "mad money" is back after the break. >> great to see you. my old friend ♪ello da,
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announcer: more details incoming involving volkswagen and the growing scandal. dissatisfied customers filing complaints against the german auto maker. ♪ because a vision softly creeping ♪ ♪ left its seeds while i was sleeping ♪ ♪ and the vision ♪ that was planted in my brain ♪ ♪ still remains ♪ within the sound of silence ♪ in restless dreams i walked alone ♪ ♪ narrow streets of cobblestone ♪ ♪ when my eyes were stabbed ♪ by the flash of a neon light ♪
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disney plus, comcast, parent company of this network and now at&t's acquired time warner. few weeks ago fortune ran a real god profile of randall stevenson and there was a piece of it that caught my attention. they asked john, whom i do not know, who runs the old time warner, now dubbed warner media, how many subscription services can survive. his answer was very cogent i think it's somewhere between ten or two and it's probably on the lower side of that scale a good outcome for a company like ours is that there are four or five. i think we've got a position where we can be one of those and you know what? i think this fellow stankey makes a good point how many can you carry lots of people cutting the cord here but you're not going to spend more on a bunch of streaming platforms than you could already spend on cable because what's the point? so questiwe got to start asking ourselves who's got the best offerings and who's in trouble this is a tough question to answer because in many cases,
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services aren't even out yet it's just all conjecture but considering the importance of streaming to the entertainment industry, i think we need to give it a shot right now we got to just even on the limited information we have, we got to make some judgments and that's why tonight we're ranking the subscription streaming services, even though it's true once again we haven't seen some of them but this is from the perspective of the consumer keep in mind the most popular platform may not be the best investment however if you're going to pick stocks you need to understand the appeal of the underlying product before you get to the nuts and bolts, the spreadsheet so let's tick them down. starting with disney, which has a lot going for it here. now that disney's acquired 21st century fox's entertainment business they got a controlling stake in hulu, espn plus, i've got that, i love it, later this year, they're launching disney plus, which is designed to give netflix a run for the money. these are three individual services but management has said that they're likely to offer some sort of bundle. we know hulu, it's been around for years, it's got nearly 27
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million paid subscribers, did you know that? $11.99 a month to watch it plus you know what espn plus launched last spring as of the past -- as the past february, it had more than 2 million subscribers at 4 p$4.99 month and disney plus rolls out on november 12th that's going to be a $6.99 a month. individually these services are already great bargains but roll them together to save $15 or $20 i think people would flock to disney and the stock the real key here is disney's diversity content. in a world where everybody and their mother is trying to sell you streaming service, content is king. disney has sports, movies, "star wars" and marvel cinematic universe i like them both the idea is that the hulu will be the more adult offering while disney plus will be more child friendly espn plus is the undisputed king of sports programming and they just paid top dollar to get the ufc rights
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magic thinks they can grow the disney plus subscriber base to 60 to 90 million subscribers with 8 to 10 million subs for espn plus. hulu is already top tier streaming service on its own and i'm betting disney plus will be essential for anyone who has kids it will be a bargain for $7 to put that library together individually and that's why i'm ranking disney above netflix, number one now, netflix still comes in second obviously there's no misty n netflix is the big daddy of streaming. it's being fashionable to spectacular they'll be torn apart and as everyone else launches their own platform netflix is going to lose a lot of content disney, at&t, and comcast account for 40% of netflix's viewing minutes. that's one of the reasons it's here and not there there are plenty of legitimate concerns here but i think netflix has already established itself as the top dog in the streaming and they're not going to have that much trouble retaining subscribers.
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the company's being putting out content for years and it's a slate for everybody. they have a treasure-trove of data about what you want to watch. it's almost artificial intelligence like and their international growth has been spectacular they target the taste of individual countries. i'm going to put warner media in here that's a subsidiary of at&t. this is another service that doesn't exist and unlike disney plus we have no idea about the launch date. however according to a piece in the "wall street journal" yesterday, warner media is going to run a beta version of the service later this year for between $16 to $17 a month and that will include hbo now. you'll get hbo and scinemax, d.c comics, "harry potter" and "friends." i can see this platform succeeding purely on the strength of hbo and who knows how at&t will use the wireless network to promote the service
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fourth, amazon, amazon prime it has more than a hundred million paid subscribers, $119 a year, $13 a month, if you pay month by month prime video is its own -- it's a beast. they have lots of great original content, jack ryan, a viacom product, by the way, and marvelous mrs. maizal but it's -- she calls it maizal. she must know more than i do yes, right maisel my wife is going to be right she watches it it's probably good but it's more of a -- it's very good but really more of a fringe benefit to get people to sign up for free two day shipping, what happens is people out here on the floor, you may not be able to see them but they're all going, maisel, maisel, maisel. love it. well now we've established that. still i think amazon will remain one of the top players here because this is another incredible bargain and just like netflix, amazon knows what you want to watch.
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number five, nbc universal parent company of this network rolling out its own streaming service in the first quarter of next year with free ad supported version and a free subscription version for about $12 a month, i think nbc has a terrific library of content they can grow to 30 or 40 million users. that would be found money. our parnlt compaent company is late to the game but comcast has the fire power to compete here sixth place, apple plus. huh. it's launching this fall why is apple plus so low on my hierarchy? look, apple's a very well run company, own it, don't trade it, look how well the stock did today but we don't know a ton about what they'll be broadcasting the service will debut with a fair amount of original content from a whole slate of tv shows, several movies, two oprah produced documentaries, video version of oprah's book club, however without knowing the price point or more detail about the program, what am i going to do i can't put it up here content is king and we have no
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idea yet if their content will be any good although i understand the people they're trying to recruit are topnotch finally the bottom of the pack, there's cbs. wow, the most not watched network. believe it or not, cbs was one of the first moves in the space in 2014. then last year they rolled out something similar for show time and between the two platforms they have more than 8 million subscribers, that's not bad. imagine it can go to 25 million by 2022. i'm conflicted on cbs. on the one hand i think showtime has enough quality programming to make it in this environment but cbs all access doesn't feel that essential to me and don't forget, cbs, they got a management problem i don't need to go into it again, they're nice people but come on already. get off the pot. the bottom line, with so many media companies launching their own subscription streaming services, we need to start thin about winners and losers here. the best streaming platform may not be the best investment but ings it's a real good place to start. jason in new york. jason. >> caller: hey there, jim, this
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is jason from plain view, new york >> what's up. >> caller: awesome town. i'm a long time listener and a first time caller. >> i like that. >> caller: i wanted to add stock to my portfolio that i believe is a good hedge against the china trade war and tariffs. >> okay. >> caller: what are your thoughts on adding etsy to my profile? >> i gave a corporate governance program yesterday and i got to speak with josh, it's 2 million people in brooklyn but it's smaller right at the end of my block, and i think etsy is absolutely terrific and i think you're getting it at a really good price and you would urge you if it goes below $60 to buy even more. kyle in new jersey >> caller: hey, jim. how's it going >> oh, real good i thought this might be another kyle fine, how about you? >> caller: amazing here. beautiful friday two quick questions about snapchat with all this ftc regulatory drama going on with facebook and
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google, where do you think snapchat weighs in all this and also up 140% year to date. >> it's moved too much social media, i'm still going to go -- i tell you, my charitable trust owns facebook. i believe in instagram there was an outfit today that rang the bell, really, really positive on instagram. i have to -- look, i hate -- i don't like what's happening in instagram and what they did with privacy but the advertisers still love it. that's the one to be in. the streaming space is getting crowded, to put it mildly. and while it's unclear which companies will be the best investments, i think disney, netflix, warner media, they're my fan favorites much more "mad money" ahead and the global race for sustainable energy, covanta is a world leader in converting waste into pure power but can its stock help you turn trash into treasure then, sometimes wall street can do the right thing i'm going to tell you how to react to these ipos that everyone is talking about today. of course we're going to try to make money and all your calls, rapid fire,
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in tonight's edition of the lightning round so stay with cramer 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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and right now we got a stunning bull market in garbage waste management is up 29% for the year, clean harbor is up, covanta holdings has rallied 32%. take covanta, a waste disposal company with a huge waste energy business where they convert trash into clean, renewable power. this company has performed inconsistently, the stock was trading sideways even as it paid a very nice dividend, 5.7% lately covanta caught fire with the company reporting strong numbers. the question is can they keep this up even if the global economy is getting slower? let's take a closer look with steven jones, the ceo and president of covanta holding, get a better sense of how covanta is doing and where it's headed good to see you, sir a lot of people are always confused about what you're really levered to. is it the tipping fee? is it the idea that there's more waste? is it in 2014, your stock went to 24, what happened then? when you look at your forecast of the beginning of the year, what do you look at as the key
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metrics to determine how covanta will do. >> 70% of our revenues come from the waste side of our business, smaller percentage for power and smaller percentage, 5% or so for recycled metal >> and how is the waste right now? >> it's a good time to be a waste company. >> right 7% year over year, some huge number >> so the first quarter we had 5% price growth and that's driven bay few things, landfills are closing, particularly in the northeast. you're seeing a lot of people move into population centers and our facilities tend to be up and down the east coast along the population centers from boston down to miami. and then lastly, and you and i talked about this last time i was in, the recycling industry's in a bit of a mess >> it's terrible >> so you have recycling material which quite frankly we'd like to have recycled but instead it's finding its way into the regular residential waste flow >> we want it to be with you and not in landfills, right? >> you have a -- you have a choice, right? we design these facilities to be
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post recycling so do the recycling and then bring the material to our facilities right now that's not happening in some cases so you have municipalities and recycling companies who have shut down their recycling programs so the waste is finding it way into the regular waste stream so you have a choice. you want to dig a hole and bury it in the ground or do you want to take it from an energy from waste program and recover the inherent energy in that waste. >> i regard this -- we're calling this the summer sustainability i understand that mayor bloomberg has had a hand in what i go by every day, the marine transfer tell me about that facility. >> that marine transfer station, mayor bloomberg was the architect of a number of marine transfer stations. we operate two of them, one in queens, which we have been operating since about 2015, the manhattan or the east 91st street marine transfer station just started up so we take all the waste from manhattan, goes to energy from waste plants and so this has been a project
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that's with that's been in the works for sometime >> are you affiliated with the announcement yesterday, the $500 million campaign of his own money to wean us off coal? >> we're not involved with it but it's certainly going to help us because if you look at renewable energy and, you know, what you want to do with energy from waste, you want to make sure that you're taking your waste and not putting it into landfills because in landfills it produce as lot of methane and that's a big greenhouse gas and instead of take it to an energy from waste plant so anything that's focused on climate change is going to help our business. >> explain to me the action in the stock. what happened in 2014? was that china what spiked the stock to $24 and then brought it back down because a lot of the utility stocks that we follow, for instance, con ed, american electric and power, they've had very consistent nice move up you don't seem to be levered to the yield curve. that's why i mentioned at the beginning, you know, i'm trying to figure out why your stock's been stuck given that i think
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you're a good business >> if you look back at the 2014 time frame, at that point, there were a number of long-term power agreements that were running off term and they were at high power prices and so that's happened over time. in 2014, around that time, the board raised the dividend up to the dollar that it is today and you mentioned the healthy dividend yield so, i think that had a positive impact on the stock at the same time that you were seeing, in effect, the company shrink >> you did shrink. let's talk about one of the great growth projects is in the uk and as soon as i hear uk, i get, you know, i get worried because of brexit. but it doesn't necessarily have to be bad for covanta. >> we, about a year ago, we started working with the green investment group which was the renewable energy arm of the uk government, went private we're working on six projects right now, two of those are in construction, one rookery, the other which is near london, the other one is earl's gate which
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is in edinburgh, scotland, area. a third project has its operating permit and is expected to be in construction in q3 and a fourth project is expected to be in construction in q4 so we're goingto go through 2019 and get four projects in construction we haven't had that kind of growth in decades. >> so that should be a nice flight path for 2020 >> right and that's why i think you're seeing our stock move up over the last, you know, kind of year to date is, i think, investors are starting to see the growth that we've talked about come to fruition >> and do i have to worry about brexit or is there a way to quantify that it could be good >> so, brexit's got, you know, no one's really sure how it's going to play out but there's 3.5 million tons of waste that go from the uk to the eu to central europe >> the eu may not want that. >> they may not so if it gets stuck in the uk, first off it means waste pricing is going to go higher and secondly they're going to need more energy from waste plants so that will be beneficial to us and our g.i.g
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>> i think that sounds like a lot to like. steven jones, president and ceo of covanta if you're in the east, you see this stuff all the time and good, that's what they're doing. we don't like landfills. we really don't. "mad money" is back after the break. heading into retirement you want to follow your passions
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aas a guy withe! his own catchphrase, i appreciate that after 75 years smokey's only said... smokey bear: only you can prevent wildfires. al: but, i'm filling in because there's a lot more to report! like when there are parched or windy conditions out there, you gotta be extra careful with things like burning yard waste.
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after all, wildfires can start anywhere, even in your neck of the woods. go to smokeybear.com to learn more about wildfire prevention. >> announcer: lightning round is sponsored by td ameritrade >> it is time. it is time for the lightning round. you say the name of the stock. and then the lightning round is over isaiah in north carolina
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>> caller: booyah, cramer. >> booyah. >> caller: coming to you live from king's hot dogs in rural north carolina, elon musk, vroom, what do you think of tesla? >> i got the rural outfit here i'm not going to go buy or sell on tesla why is that? because it's just too darn hard and you know what? you don't need to have an answer to everything. that's something my mom taught me let's go to dee in virginia. >> caller: booyah, jim >> boo gentlemyah. >> caller: so my husband and i are your number one fans, we watch your show every night, it's our tradition to watch "mad money" every night we love it so you are so dedicated, you do amazing things for us. yeah, we really appreciate everything >> thank you >> caller: we really appreciate it so, our news reporter recently has been telling our family about americult and it's the
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only publicly traded temperature controlled warehouse >> yes it is and i'm working on another project where i bumped into the other people who did it it's good. that's a good story and i think you should stick with it let's go to kurt in north carolina kurt. >> caller: hi, jim long time listener from south port, north carolina my question is for paypal. i was lucky enough to get in early. i would like to know if i should sell half. >> i would stick with it i was with dan shulman yesterday, the excellent ceo, i think they got a lot more coming, 2 billion people joining up i do not want you to sell paypal my travel trust sold it too soon i was wrong. jason in new york. >> caller: booyah from the big apple, jim >> good to have someone local. what's up? >> caller: not much. i have been following a stock for quite some time and i want to know if it's time to buy. clr, continental research. >> no, it's not.
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i don't like the fossil fuel stocks i don't like the ones that don't have dividends, even the ones with dividends aren't doing that well i had an interview with the ceo of royal dutch and i still wasn't interested even with that one with a good yield so i'm taking a hard pass andy in indiana. >> caller: booyah, jc. >> booyah. >> caller: calling about united natural foods, unfi, thank you >> not good. not a good situation and i got to tell you, i don't even like the whole cohort anymore. i think you got to stay away it's been one disappointment after another. says it all, right how about we go to jerry in michigan jerry. >> caller: yes, hi, i'm interested in pfizer i've been watching your show for the last eight years >> pfizer's good it's not going to shoot the lights out but it is good. by the way, i like willie ahead of this diabetes conference. matt in michigan matt hey, matt. >> caller: hey, jim.
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booyah, jim. booyah >> booyah, double booyah, what's going on. >> caller: love your show. talk to me about syntas. >> ever since they merged with gnk, it's like what the government did with lindy, it has been on fire as long as there's job creation, i thought it might have a tough day because of the bad unemployment number. no, i mean, cintas, it's a well run company. i wish they would come on air. it is a monster. all time high today. how about we go to luca in texas. >> caller: booyah, jim >> good form. >> caller: my stock is splunk. >> i don't know why people were saying that wasn't a good quarter. i would buy splunk right here. let me throw in vmware right here, right now, that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade
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bu [ speaking foreign language [ speaking foreign language >> i totally get that. it means, what's the stock continue to look through -- ♪ >> hey, i'm cramer something that can implant in your brain >> gesundheit. >> thank you i've been doing it 14 years, i can sneeze all i want. >> jim, boo, boo, boo, booyah. >> that took a lot of energy ♪♪ ♪♪ ♪♪
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i hate cows. cows are all about -- oh, sorry. stock market is full of bad behavior but every now and then wall street does the right thing. take for example zoom video communications and beyond meat they both reported and their quarters were things of beauty i had been skeptical because the stock's already rocketed higher. i figured they might need to deliver unbelievably good numbers. it turns out that's exactly what they did zoom could rally 18% today beyond meat totaled 39%. these were incredible moves. keep in mind beyond meat came public at $25 and now it's at $138 sko we had so many disappointing
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ipos of late like lyft and uber where they gave big losses to the public investors that's not supposed to be the way it happens ideally when the brokers are managing an ipo, they want both the company and the shareholders to make out like bandits the stock gradually climbs the stratosphere you could argue these were both priced too low and that's the beginning of the wave. we didn't see anything like that from lyft or uber which lost its operating and marketing chiefs but it's exactly what we got from zoom and beyond meat and make no mistake, these stocks are absolutely trading at stratospheric levels beyond meat is a serious competitor in the form of impossible, necessaristle has oo zoom has had success but it's facing fierce competition there cisco. both companies could be em pearl imperilled beyond meat sales grew up 215%
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and its gross margins increased by more than 1,000 basis points versus last year 200 basis points versus the previous quarter that's remarkable. all these numbers were well ahead of what wall street was looking for. the company has a number of irons in the fire. beyond meat said their rivals made a bunch of mistakes them there's a ton of room to grow as the meatless category still at least at 2%, just at 2% household penetration. no wonder the stock exploded hard how about this zoom. they delivered a huge top and bottom line beat they added 7,700 customers, that's incredible. they signed four deals worth more than $1 million a year. jpmorgan says, this is what you want to see out of the company for a first quarter post ipo numbers across the board were significantly ahead. big upside, big upside in new customer additions and early traction on zoom phone, point to
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a long runway for growth these results underscore our confidence in zoom as our favorite stock even with the current valuation level, end quote. jpmorgan look, i've been warning you for months what the recent flood of ipos was creating a situation where we had too much supply on hand especially after the uber deal but some of these deals really were fantastic for investors and i wish i had been more bullish about this so i say two cheers for zoom and beyond meat they may be too rich now but they made you rich if you stuck with them. let me give it a try no methane not bad. not bad if i say so myself stick with cramer. bye!
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♪ hey dad! hello, betee! kaisi hain aap (how are you)? i'm good, how are you? good! so good to see you. it's late, where are you? i'm at work. oh gosh, so late. i know, but guess what? what? i've saved enough to come visit you. well, that's such great news! at u.s. bank, we believe that hard work works. and for everyone working toward a goal, we're here to help. oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help...
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voya. helping you to and through retirement. oh, sir. that was my grandma's. don't worry, ma'am. all of your stuff is in ok hands. just ok? they don't give two and a half stars to just anybody. here you go. what's this? it's your piano. hold this for a sec. we don't have a piano. no.. but the neighbors do. 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.
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look, the staff said i looked good in it so you got to take advantage of that boot barn looks like a good stock, so does covanta the market needs this mexican trade deal because we've had the best week of the year. we are not ready for disappointment and believe it or not, last night i told you wow, we oversold, you got to buy it by the end of today, we are now overbought so now we're in need of good news to keep going higher. there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer see you tomorrow see you monday
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[motor revs] male announcer: this week on undercover boss... the ceo and chairwoman of the dwyer group-- a parent company for seven franchises specializing in home and vehicle maintenance-- poses as an office assistant looking to find a job away from her desk and in the action. - excuse me. hi, i'm faith brown. - faith, how are you doing? - i'm good. how are you? - do you know anything about tools? - not much. - all right. announcer: by working on the front lines... - sweat's getting in my eyes. ah! announcer: she'll find out that the grass isn't always greener. - had a guy that worked 60 hours. when they gave him his paycheck, he owed them $21.20. - really. - somebody's got to explain some things to me. i don't know that something shady's not going on.
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