tv Mad Money CNBC June 10, 2019 6:00pm-7:00pm EDT
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>> so panic to buy microsoft over the last week the stock really went from $119.50 to the recent highs. it chose on the hose take profits >> all right that does it for us. see you back here tomorrow for more "fast money." "mad money" with jim crame starts right now >> the mission is simple, make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome into mad money we want to make friends and this is my job. call me or tweet me. >> all right hait to be a deb qui downhate t downer here today. the nasdaq vaulted 1.5%. the dow is up higher at one
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point. you need to be ware of fraud froth. this is froth. i'm talking about a different kind of froth. it's when you get stocks that explode higher if no particular reason hook at beyond medium. this is it, man. this is froth central. it is up $30 today you might think is artificial company is the bull's best friend after all, no cattle were harmed in the making of a beyondburger. the action here is fraud meat. and froth is the bull's worst enemy. and it's no the just this once red hot stock. this one red hot stock, this are many others. there are a bunch of names that caught fire. names to examine to make sure we have not gone off the reservation. for example, the cloud stocks ignited to day thanks to sales force slashed tableau software we have the ceo of sales force
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to join us we need to address this beyond meat people are saying god, jim, please don't open the sausage. sorry, it gets opened. this thing is froth personified -- got me if you are worried about a topee market and stocks getting ahead of themselves, beyond meat's trajectory well, it is just sayer fig! >> don't get me wrong. this is a fantastic company. and the stock was clearly priced way too cheap when it became public they had already rallied substantially. then they reported a blowout quarter. see if i can hit the blowout off the buyers and stocks surged from $99 on thursday to $138 on friday i think that first leg was driven by panicked short sellers -- called it i'm not done panic short sellers. they bet that beyond meat --
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they bet against beyond meat on new he can tigs fr competition from nestle and the impossible-burger. they couldn't take the pain. come on! >> hallelujah! >> all right now the cost is short something like beyond meat see, remember how short selling works. you need to borrow shares from someone else then you sell them in the hope you can buy them back later at a lower price. beyond meat just came public and there isn't much supply out there. so the shorts need to pay money to borrow it especially since there were so many of them half the flow is sold short. that is incredible, impossible oh, that's a different company beyond meat does better than expected and the short stampede out there buying the stock to chose out the short position that's how this company can add $4 billion in market
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that's a b over the past two days even though it's full year sales guidance only beat the estimates by $5 million. you know that's like eating one of these -- no meat, right beyond meat is now worth more than $10 billion mostly on the backs of true believers who are gobbling up every share and short sellers december pra the to close out their shorts that's why the stock rallies it rallied another $29 today no additional news it's all about the mechanics of the market so really what is the problem here what are we talking about? what we're talking about, oh, wow. hot italian. we're talking about, okay, these days people are talking to -- i talk to -- i go everywhere, right? i go around the club my wife loves the club what people talk to me about they want so say, well, you know, they want to know why should shouldn't buy the stock of beyond meat the reasoning is almost always totally circular
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they like the stock, why because it's tasty no, they like it because the stock is going higher. there no valuation parameters. and people don't care why something is going up. she just want to own it. they want -- i think i could understand if the bars were all veegians and vegetarians at least they would be ready for the home team. this is pure insanity! when you see people cutting the stocks just because they're going up, it's a bad sign. hey, we saw with cannabis. rib tilray well, this is the earth's hamburger -- all right can't all be great shots here. come on. bryce harper tried to steal home yesterday. then there is froth issue number two. the cloud case you know that i adore the cloud base software companies. the businesses are incredible.
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the ceos are fan tats titastic a speeding train can easily go off the rails. this morning sales force paid a huge premium in stock. the software analytics company they're great at data analysis that is useful for clients that want to assess how they're doing in real time they had the earnings cut by 14%. that's why sales force saw the stock plunge more than $8 today. now as far as i'm concerned, it's totally worth it. i expect the deal to pay off very fast. much faster than people realize. why? last year sales force bought mule software for $6.5 billion and integrated it very quickly even though i know i doubted it would happen in other words, we see this movie before i think you should use this as a buying opportunity i expect sales force stock to recover. maybe more than seven days is the case with newsoft. i would buy it aggressively if
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it fell below $150 mule soft beyond meat, i mean they're all just, you got it so what is the problem what's the problem with this deal it's the pin action. the pin action is atrocious! the pin action stick with me here the cloud stocks are flying. they're all going to get take over bids. come on! you think workday -- you couldn't get a bid how about vmware how about -- adobe >> sell, sell, sell. >> yeah, exact i had this stuff is slippery oh, yeah and that's why i expect the stocks to going to give up the gains. finally, evidence of froth every day, every day there is another big cap stock that rockets higher on no new news.
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today was amazon's turn. why the heck was amazon up almost $57 today nobody knows that is textbook froth i have to tell you something, we attempted to sell some it got too hot, too quickly. that is not what i like. if there is so much froth, why not sell everything? i'm not totally convinced this market is nearing a top. the signs point both ways. for example, for every beyond meat, this is a lift right -- there is a lift or there is an uber >> boo >> yeah. it's got that right feel to it anyway, i mean that's the opposite of froth. so you cannot just say all right because of beyond meat there is no, you know, it's the end of the world. we have -- wow, look at this this is really starting to come together here.
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it is hike play dough except it tastes a little more like play dough. the action goes and sales force got slammed. that is unite technologies truly frothy market wouldn't punish sales force and united technologies like this i think the people were relu reluctant to buy stocks. sure, he gave us tariffs, but this morning, he attack the u.s. chamber of commerce. and i'm quoting here they have to start representing the united states. not just the company that's are members of the u.s. chamber of commerce i get where he's coming from that's not how they work you never know whether you're going to get pro business trump or populous trump. he lashed out against mexico and threatened them f you're a u.s. company with business investment that, is terrifying. then he agreed to do a border deal then he had a chance to buy back the stocks he sold last weekend
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in good for now. other than walmart, costco and target, retailers are dogs let's see if i can hit the dog >> buy, buy, buy there you go now bottom line. we still have enough mornings that i don't want it to clear this market out of control i believe still that beyond meat is a bit of of an outlier -- that doesn't make any noise at all. there you go however, if we get more ipos that go nuts, more rallies for no reason, more hopping sausage, all right. and getting on the cloud case, we may go past the tipping point -- oh, man i stepped in it. we still aren't there yet. we're still too close to the may swoon. i think it's probably too late to put any new money to work at least retest wrf we were at the
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beginning of last week why don't we take calls? why don't we go to james in new york james? >> hey, jim. a big boo-yah to you from queens, new york >> man that, is fantastic. >> thank you, jim. >> the government put the brakes on do you think nokia can capitalize and grow the market share faster >> i think it will be samsung which should -- no one trades and nokia and then ericson are kin of in a two horse race i think that we are to be careful to rule out wawai. i think you should buy marvel. marvel has all of those. and that's the best way to play it can i go to joel in florida? joel joel >> my question is about docusign >> yeah, people like that docusign >> revenue is up and stock price
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fell is it a buy? >> i think it moved too much i think we have to take a pass on that. that stock can come down very easily let's go to katherine in nevada. katherine? no offense oh, it looks like we might be done no i can't compare this market out of control just yet. it certainly still worth watching and worth waiting for until this beyond meat cools. it is just metaphorical. it does stand for froth. and i'm not a big fan of froth okay on md money, sales -- yeah sales force just announced the biggest acquisition in history they're buying software for $15.3 billion. stock is down after the news is the market approaching it all wrong? i'm breaking it down then i'm revealing the truth about the june swoon and hooking for the next 5g stock. it could be worth considering. don't miss my xhuf with the ceo and, of course, stay with
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but yes probably. there they are. aww! i know everybody is focused on united technology i like that one. we have another huge merger. sales force is buying another kmb company i like, tableau software they have a great platform they need a business intelligence offering that is the best in the country or the world. now they got it. the stock sold off because it's an all stock transaction going to shave 39 cents off the company's earnings per share i'm betting sellers are shortsighted this is hilike mule soft last year
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the stock got slammed. turned out to be a terrific buying opportunity the company just reported a big quarter last week. don't take it from me. let's dig deeper with the vision ary champion of sales force. learn more about this deal welcome back to mad money. >> jim, thank you for having me. hello from new york city >> i was going to say, i'm used to the san francisco backdrop. what you are doing in town >> we're opening our sales force you toer in new yo tower. we took over the metlife building at bryant park. and we'll open our floor in what makes the floor special is not just incredible wide open floor, the top of this beautiful building, but it's part of sales force's culture. we provide our top floors of our buildings to nonprofits and ngos for free at night so they can run the events and programs. >> for those that have run the balls, i have to tell you, that's our biggest cost. thank you very much for all the charities that need that >> we're really excited to give
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the floors to the nonprofits they certainly can use them. >> oh, boy more than ever mark, you made an acquisition today that you know i told you as soon as i saw it, it took my breath away. the one thing that you lacked, i felt, because you're customer sen trick, you needed the sing best data analytics. you know, not just the dashboard, but everything. so it could be easy and for trail head people to earn. it's the simplest and easiest. people can look at it by going to a public site so let me ask you, why do you think the stock market took it as if you paid too much? >> jim, you're right there is really thee corner stones with digital trance formation. the first one is the customer. and you know, of course, we do that as we do that better than anybody else and the second, well, we did that a year ago with mule soft integration. the ability toint grate all your data sources together so you can get a more holistic view or customer 360 but you're really touching on the third corner stone of
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digital transformation, the analytic ands visualization and business intelligence to see everything in your company and as you know, jim, there is no more amazing company than -- in that category than tabheau whose mission is to make sure the world can seen understand data that excites us as well. >> i think it's important to point out, i mean, we've been -- adam has been on the show. there was a time when we were not that interested in our show. i didn't think it was a cloud base company he comes if amazon in a short period of time, he makes it really so it can be if you want premises or cloud, it's still the best data. it sounded like the key customers like one you mentioned in minnesota we're demanding that you merge or have something as a deal with these guys >> well, you're exactly right. you know, i was in minneapolis last week and when i was with one of our very largest customers, they're doing some incredible work with their supply chain and the ability to connect with their customer and n. a whole new way
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of course, that's what we do for them i'm thinking, wow, this is going to be an incredible acquisition for sales force. it is really the best of both worlds it's two amazing companies coming together. you know, yeah, tableau is a company at scale and putting that together with sales force, just super charges both of our organizations. >> do you think people have short memories literally, i guess a little more than a year ago, you bought mule soft i know you did it on our show. i mean i think once again, you know, you have the cash flow it is fantastic for the two companies to come together >> well, first of all, in terms of cash flow, jim, i don't know if you remember our quarter that we just announced last week.
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i have to be honest, tableau didn't want our cash the value is the company that we're creating together. we would be more than happy to give them any currency they want but they want our stock. hey, i can't blame them. look at how it performed, you know, over the last decade it's incredible. and i have a huge vision and so do they on what's possible for the future >> why can't they go build this themselves i said in return, you want both ease of use and the best in
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show i think if you just talk about trail head for a second, people will recognize using that public site you suggest everybody hook at, why this is so synergistic >> i have to be honest with you, jim. i'm a huge bhefer eliever in innovation trust, customer success, innovation and ee quality. let me talk about innovation for a second i was so strongly believe that not just organic innovation, you see the core service cloud, our core platform, but i hs strongly believe that companies to be competitive and successful today have to also believe in inorganic innovation you don't have to hook any further than things like our marketing cloud or our commerce cloud and you spoken now about our integration cloud as well. and the technologies, we were able to acquire great companies. companies you know exact, target, the demand wear and mule soft.
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we're able to kmeet thcomplete platform that allows our customers to connect and to connect with every data source they have, but also to be able to have the visualization, data analytics and intelligence to achieve the total success. and for digital transformation which is happening right now that, is mission critical. >> i think it's a great acquisition. people are being short sited they look at 30. i market and adam such a sensational person thank you for the chairman and co-ceo of sales force. >> go warriors >> well, you might need that you need kd there, i have to tell you >> come to the floor tonight, jim. we'll watch the warriors game. >> we love greg from the warriors "mad money" is back after the break.
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>> sell in may and go away is it really working this year no more like sell in may and miss the fed induced rally the best move of the year i say this every year. it bears repeating you shouldn't make financial decisions based on a rhyming cuplet i don't care that they say no basis for sound money management at the very least, get your bad advice in the form of a sign but because may wasn't really bad this year, you better believe that next year you're going to hear all about. this sell them in may and go away, can you build teams ahead of time. it's rarely good strategy. why? first of all, selling everything is a lot harder than it sounds when you sell everything, you need to be ready to get back in at lower levels. getting that timing right is very difficult
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presuming people who sell in may and go away are swapping back into stocks at some point. they may buy the stocks back at higher price that's the problem you don't want to come in here and start buying but that's what you would be doing. because you just don't know when to get back in let me put it this way did you hear them say sell in may and buy back in june i know i didn't. did you hear anyone say that's the level? no so you miss this and that's just bad management you step back for a second, what happened here is a mirror image of what happened in december the federal reserve raised interest rates one more time and the fed chief indicated there were more rate hikes on the way. for some reason, he believed they were red hot and needed to tap on the brakes. i have no idea how you got that idea i was screaming at him to change course data told a different story. terrible time for rate hike. the stock market knew it and the meltdown okay got a real meltdown. may is very similar. right? once again, we started hearing
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that the economists were strong enough to handle another rate hike yet, the president's trade wars were just starting to heat up. regardless of actual impact of the tariffs. they've had a chilly infect on t effect on the economy. he says that the fed is killing them because he saw this and realized if you're fighting the chinese, you can't afford to have a drop off in the averages like this. he missed something in december. told us it may be time for a rate cut and the stock market has been roaring ever since. you had to anticipate the change of heart anticipate it. okay that is nothing to do with the limerick forget sell in may and go away more like sell in may and buy back in late may which doesn't have that same ring to it. i was listening to the news about how we had had the biggest
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rally of the year. the averages came roaring back don't forget about the individual stocks. needless to say, you're kicking yourself now if you sole tableau or raytheon. you have to say. so can we meez retire sell in may and go away? i can start doing this the next time you hear it, remember about the june rally and think twice before taking the dog roll seriously walley in north carolina, walley >> i'm a watcher of your show for many years >> thank you very much >> thanks for saying my call >> last week, they had the 019 and approaching record highs. >> right
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>> however, the financial stocks have not perform as well they had a good week last week and an exceptionally good day to day. >> do you think they'll continue through the rest of the year particularly bank of america which i hold a substantial investment. >> they're very cheap. they're very cheap but cheap doesn't do it for me and i think that if the fed just kind of goes on hold, they're going to miss the quarters people can be excited about it and bank of america will be stuck while you're left behind for so many different stocks that have real momentum here they have earnings momentum and are inexpensive. i'm not going to bless bank of america unless we see a change in the yield curve then i will. unfortunate that it's so hostage. i thank you for watching that's the truth herb in north carolina
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herb >> i want to get your tech on the stock. i know they're heavily into copper i notice the copper market took a bhilt of a bounce today. so did the stock what is your long term look? >> i saw mr. atkerson. he bought a ton of stock he spent a million bucks i hike insider buying. i still see the economy worldwide slowing. you have to have a end of the tariff wars for that stock to go to 12 from $10.60. i don't know if that's going to happen i think they're a lot better ways to play it though i mean end of the tariff war, you can buy tech and it's going to soar. all right. don't act based on the dog roll. pay attention to market conditions much more "mad money" ahead.
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how far can we trust this semiconductor ral quly this is something that seems a lot more hikely. the fed is willing to cut interest rates to boost the economy. they can't get too out of hand they do a son of business. exhibit a of what i think can come back first is marvel technology a company that is major player in5g when marvel they can be better than expected. since then, the stock has steadily work higher get a better sense of how the company is doing mr. murphy, welcome back to "mad money. >> good to see you >> thank you >> i got to tell you something you have one of the most exciting companies i ever seen
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it wasn't exciting even five years. give us a little bit of the arc here it is such different company from what people think it is >> it's major transformation so i joined three years ago. and we went through a pretty significant overhaul of the board. the management team. and a big pivot in the strategy. the strategy pivot is spot on. it is to really focus on the infrastructure market around storage and networking and there was the acquisition and five quarters after we all got there. >> balance sheet looks great now. storage. we have to explain this. there are different end markets to storage and in networking. the one that everyone is interested in is what's going to happen to telecommunications and you, i think, are the easiest and clearest and best way to play a biggest cycle out there. >> correct yeah this 5g cycle is just starting
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we're not even in the first inning yet when you look at the prior cycles of 3g, 4g and now 5g, these are seven to ten year cycles okay and so from an infrastructure point of view, right, the network that needs to get built to support all the devices, that's going to be starting now and really bulling robustly in calendar year 20 you have expertise in processors, networking, expertise in storage, and security that kind sfof a thread that go across all of it. >> that's us >> and i think that there are things that people -- a lot of of moving parts. the conference call had encapsulated all of them you have avira this is an old ibm business that turned out to be pristine. then you have another business that is if the future of
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connecting cars which our viewers love and then you got rid of the business that i hated. you got rid of the wifi business it's shower. you're buying cheap and selling deer >> we had a very busy may. so we actually did four deals in may, two acquisitions this you mention. and we did a strategic partnership. so just quickly on the first two -- >> sure, please. >> on the first one we announced, that's really play on connect car. and if you think about what's going to happen in the future on where the automotive market is headed, it's going to be about autonomous vehicles. it's going to be about electronic and safety and security the you'll have to have a best in class network inside your car to enable all these different sensors, kamz rashgs lights, radars to connect. it needs a high speed network inside the car
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>> i think you would say, everything right now is just kind of hike the jet sops. jetsons there is no system >> that's right. today's cars, if you hook at it, have sometimes up to 100 -- what they call ecus stashed all around the car their all connected today typically by legacy slower an l analog interfaces. you want to have a packet base network that is base on eejer net technology zbhi know that people are upset that you lost maybe some of this situation but you and everything else, right? i mean, you don't need them. >> when you look at 5g, we're extremely well positioned with especially if you look at the players that are going to do well in the u.s. roll quout of 5g we'll have very good position. >> you have great relationship with samsung which is very
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strong >> that's true strategic partnership with thim. >> which may mean leads me to think i don't have that much tariff exposure. they're putting pressure on the entire space they're pure companies that is certainly affecting thew when you think about 5g, the rollouts being in south korea, united states, japan, we'll do extremely well >> they're on the area that viewers think is the most exciting you double down. >> that's right. they're actually bay stations. that will be levered to 5g that is one positive it gets nooseus into a new chip design
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to break it down financially, we're acquiring $400 million plus of revenue. we're going to pay three times it's very cheap. the wifi business we're selling for six times revenue to nxp and so the net infect is we'll be able to pay for the two acquisitions and we'll be able to go off and, you know, deploy that capital back to shareholders >> this is a great story how much different it was before you came in. now it's a great story >> congratulations >> that's matt murphy. the president and ceo of marvell technology you keep asking for 5g storey. i'm not going any further than marvel we're carvana, the company who invented
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>> joe >> yeah, jim, hey. boo-yah. hey, i heard you first on the radio. >> i think we're coming late we got a little top -- it's gone up a great deal. and it is at only 3.5% yield now. we'll hold off on that one >> how about bob in south carolina bob? >> hey >> i need help should i sell or hold? >> which one >> ci? >> no. he's going to get it together. this group is just right now on its butt buy some more. i'm not kidding. i think it's the right level how about trud qui in illinois trudi, trudi, trudi? >> hi, jim, jim, jim how are you? i love watching your program morning and afternoon. and we love you. >> okay. >> roku, is it too late? >> you know, kind of
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i mean, roku is up to -- it's up 228% i can't endorse it up here i think it will pull back a little bit i think we'll get a pull back then you can buy it. how about sam in louisiana sam? >> hey, jim, how is it going >> i love south louisiana. going fishing what do you say? >> oh, yeah. you know it. >> hey, callaway golf. >> i hike that stock it's pulled back i think it is a buy, buy, buy. >> let's go to joe in california big boo-yah for your great guidance if this 84-year-old number one fan if lancaster county, pachlt >> yes, yes, yes my stepdaughter just came back if there she brought me old currency. what's up? >> i hate to show daily, i don't miss another of your wisdom. >> thank you >> i love the cowboy hat look on friday >> did you like that a lot of people like that. i may have to adopt it >> that was cute
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my question is activision. i bought it at $60 i've been holding on should i hold or sell? >> no, i think you have to hold it maybe get a little bit they didn't have the right numbers. turned out take two had the right it ragss thank you for the kind words and that is the end of the lightning round. >> the lightning round is >> the lightning round is sponsored by td ameritradethat. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking optig from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade man: stand up if you are a first generation college student. stand up if you're a mother. if you are actively deployed, a veteran,
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hook at the simulation software company that helps engineers test out the product designs on computer. rather than with the real prototype. much cheaper to run a good simulation which is why bmw partnered to simulate their autonomous driving technology. here's a company that report a confusing quarter. they delivered a top line beat with weaker than expected earnings they gave weak guidance for the next quarter confusing. and this caught fire all that stuff kind of was just washed away by the fact this is just plain good. let's take a closer look he is the president and ceo of ansys, find out more about how the company is doing
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welcome back to "mad money." good to see you, sir >> nice to be back on. >> thank you >> the business is on fire because of how much it costs to do things with a model >> you're right. the technology we have is amazing. we have customers around the world who are using our technology to bull in the business and our customers can use the technology to use the computer to design, validate and test the products and the results for them is they can drive their innovation to market faster. they can drive the top line they can have less expense, with more efficiency with ansys >> one thing that i think people have to understand is in many ways a simulation is actually a better way to test
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explain that to me >> let's take autonomous vehicles that's a great example now the industry will tell you that it takes $8 billion miles of road tests that, is billion with a b eight billion miles to validate an autonomous vehicle that is simply impossible to drive. you have to use a different technique and different capability that's where simulation comes in you no longer restricted to driving a car down a single stretch of mi way. you can create multiple instances of that highway with different weather conditions, different traffic conditions and test all those in parallel. >> okay. let's say i am bmw and i want to test how a autonomous car might react to a pedestrian crossing the street off quusly, we can't have a pedestrian cross the street. how about simulation >> same with simulation. let's say you want to create that scenario on a busy intersection. >> right >> so you get a perspective of
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what that busy intersection looks like you can create multiple visual intersections. some about more pedestrians and some with fewer. and then, of course, you have to understand how the eyes and ears of the autonomous car, the camera and radar, how can they take that input and bring it back into the brains of the car and process that so there is a lot of challenges and difficulties as manufacturers to understand how those eyes and ears behave that's where simulation comes in >> in the old days, you come in at the end things are so sophisticated and expensive now. say 5g you can't wait for ansys to come in they're right aholong with you n the beginning. >> simulation was done at the
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end of the design process. it was a validation process. today, the technologies are so sophisticated and so difficult for people to figure out you have to simulate early in order to build the right product. you mentioned 5g take 5g for example. great opportunity for high bandwidth, fantastic but you're dealing with such high frequent signals and so finicky, you need to use simulation for the right design for the bay stations, mobile devices. it can only be done through simulation >> how much more would it cost if you did it with modelling >> you'd end up if quyou're not using simulation, it just takes not only expense but it will add time to and late ency. >> that's what people did for years. simulation is now reached the stage where it's not being taught in the curriculum at the undergraduate level. every undergraduate engineer knows how to use simulation. our technologies and tools are easy to use. and as technology is being used,
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i can say a number of universities around the world, this next generation of engineers are able to take advantage of the simulation and cost of computers come down. so where the previous simulation was expensive, it would require a lot of cpu usage now it's easy. >> i think people should recognize while you're located here, you're very international company. much more than most of the companies. they're a little less than a third in asia. we have thousands and thousands of customers around the world within the largest of organizations to small start-up companies. in fact, our start-up program, we have over 700 companies in our start quup progr-up program. >> it's important. people in the conference call were -- they almost were concerned. one of the calls i read, you're located in pittsburgh. as if there are no smart people in pittsburgh. for those that know the carnegie melon people, i hardly think
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that is the right call you have plenty of opportunity with smart people. >> pittsburgh is a fantastic city i encourage all of your viewers to come and visit pittsburgh much it's a great place. of course, we have a large facility in pittsburgh >> ford has a hot of people there. >> we're headquartered over. there but we have offices around the world. we have r & d centers. we have austin and boston and in the uk and germany all over the world >> which is so weird because it is almost like wait a second all the smart people this is something we're possessed about in the east, by the way. we now feel like we're left behind or we're only financial people and there is much more to us than that now one last question on the global world do you hear about tariffs? i know you can't be involved with tariffs from what i can tell >> well, the way we think about it, my job is the ceo is to make sure that my business works well no matter what the economic and whatever the political circumstances may be we're a highly diversified
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company. we have, as i said, customers around the world we're across multiple industries, high-tech, aerospace and defense, automotive industry, industrial equipment so whatever happens if there is a variation in a particular company or particular industry, we're very resilient to those kinds of things. >> it seems like that's a reason i like it. you are kind of everywhere and you're cost saver. you're a cost saver in the tariff world. >> we're everywhere. we're a cost safer and we also drive top line revenue growth. >> fantastic that is president and ceo. ansys. it's been a phenomenal stock it's been phenomenal stock for many, many years many, many years stick with cramer. your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life.
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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. nasty. hey, okay, i like that marvell story very much. that is the ultimate 5g play sales force down way too much. just for you right here on mad money. i'm jim cramer and i'll see you tomorrow
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narrator: in this episode of "american greed," attorney eric conn is the king of disability law. he was like the pied piper, because people admired him so much because he was larger than life. burchett: everybody knew that if you needed your social security, go to eric conn. kidd: he won. he never lost. narrator: a shameless self-promoter. announcer: you now have "mr. social security" on your side. narrator: conn makes millions getting disability payments for his clients. estep: he had a rolls royce at one point. he would wear expensive suits. narrator: but after government whistle-blowers uncovered a half a billion dollars' worth of lies... it escalated in a way that we never could have imagined. narrator: ...conn turns fugitive. hess: eric conn cut off his electronic monitoring anklet and fled custody.
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