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tv   Mad Money  CNBC  June 17, 2019 6:00pm-7:00pm EDT

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years you go with the hot hand there, mel >> you know who has a hot hand carter braxton, and that costco, he was right about thabrkit eang out. >> don't g my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 trying to make your money. my job is not just entertain but make you money call me or tweet me @jim cramer. can investing be fun are we allowed to enjoy buying the stocks of companies we like? maybe if there was homework?
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according to this market with the dow gaining 23 points, s&p advancing .09%, the answer is it can be fun and it can be rewarding as long as you know what you own now i realize i'm going to get a ton of push back and fun and invest not supposed to be fun. we're told fun is classic sign of a top people are giddy in buying everything that moves, it means that the market is peaking. >> the house of pain. >> it's absolutely true. i don't think we're there yet. now not everything is moving you need to be selective with the stock. not like this isis euphoria. remember this whole run started with j. powell indicated he's monitoring the economy and will cut interest rates if he needs
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to so if he comes out this week and says the consumer's economy strong and therefore we don't need a rate cut, yeah, sure. that could be troubling. we're told that trump can crush us it's happened before it's less and less likely to rock the stock boat given the ugly polling we're told evaluations have gotten insane,however, that's only true for some of the more culture shy pos and some of those are fine if everything goes away. best for last, we're told a recession would wipe out the entire move. thanks captain obvious sure, recession would do a ton of damage but i'm not worried about recession and i know it's expanding and at the end of the day it's a service economy and most service providers will be fine same goes for larger retailers and smaller ones could be hurt the president keeps ratcheting up the tension with china. maybe that's the cost of doing
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worldwide business put all of these worries together and you can see why so many people are hostile to the idea that investing should ever be enjoyable ever since the .com crash, prelude to disaster, hey, you know what? when you play around and horse around that much, someone is going to get hurt. not necessarily. even mentioning the market has a bunch of fun things going for it has always been the kiss of death like a jinx. that's a major reason why people gravitate towards buying index funds. a whole generation has been taught owning individual stocks is too risky but a new generation, the ones who were kids when "mad money" first aired 14 years ago seem far more inclined to invest in stocks now companies are coming public that millennials know about that beyond, the thoughtful revolve and the substantive pinterest.
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all these have captured the fancy of ma leillennial investo and the cannabis stocks. i know beyond meat could meet it's match at the june 20th meeting of arch rival and former part owner tyson foods but so much of the stock has been sold short that i don't even know if it will matter. chuys the great trend, the humanization of pets companies commission paying at 40,000 pets lately what a commitment. ask the peopleipo, fabulous ipog fun. iconic household names are back in stock proctor and gamble, disney, starbucks, these are some of the most beloved companies and turning into the most beloved stocks just like they used to be for so long now i know most of these are classic slowdown stocks. when they move up together, the
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wags will say recession must be around the corner. however, at the moment i think this strength has much more to do with the fact they are well-run companies, great balances and great dividends and, working i know the household names aren't cheap it doesn't shock me. when a company has a fabulous brand and executing consistently, you have to pay up it's always been the case in real bull markets. meanwhile, merging is back pfizer said it's baying array pharma pfizer needs a pipeline, makes sense. a nice bid and rumors of target. finally billionaire patrick who will give the company a lot more flexibility to do what it wants to do. listen to this, most important on top of that, fang is making a come back. let's go backwards alphabet has a pulse again netflix is finally moving after spending most of the year trading sideways amazon is now up 25% for the year and stocks breakout help by
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the rth and dominates, the retail etf and the company continues its quest for total retail world domination and apple is defying the trade war with china has the company has to navigate china and the united states for the past couple weeks, the stock has been on fire and tim cook, you should read the commencement address makes a lot of young people -- really, you should definitely read it. facebook has the most interesting year the company will issue what it will do to help the bank get access to the financial system rallying more than eight points in anticipation and the idea of an international currency with real institutional backing and i know many of you snicker whenever i say anything good at all about facebook and with good reason they are not exactly the pa paragons but there are hundreds of millions of people without bank accounts. roughly 40% of the world lives in a country with a 10% plus
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inflation that could lead to craig -- okay. it's mothet nathan sson. i knew it could come to me it always does libra, that's backed by real players like visa, mastercard and paypal you know we like paypal. i bet they make this service free to the 2.6 billion users as part of a genuine charm offensive. i didn't get the regulars off their case and think about that. hey, you know what i know you are investigators but we gave 2.8 billion people bank accounts isn't that a nice message? they aren't doing it out of the goodness of their heart but that's not here or there there is a class of cloud commuting stocks that caught fire here. if you were in san francisco, hey, regina, when we were in san francisco, didn't you feel it? regina didn't you feel the joy in san francisco of these companies >> i did. >> i needed -- >> absolutely. >> a little verification
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a little ver ka fashiification. how many times did we add adobe? now that we got -- >> facebook. >> facebook. maybe one day. get this, look, it's a smalltv show we get this. people are talking about when i walk around? they want to know if they can get a job, they like zen desk and businesses that make themselves more effective and consolidation. last week sales force bought software and people are speculating and right now all possible targets what do all of these have in common they are fun they are companies you know or could learn about. you can look at the tops of buildings and say i want to know more about that and buy them into weakness if you've done the homework and believe in the prospects. the bottom joyous line sorry, there say whole different mind set. this idea that investing could be fine as a throw back not to
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the .com bubble but the '80s and '90s nobody thought it was horrible and stupid to like stocks. as far as i'm concerned, it's not silly or dangerous it's how things were in the old days before things got corrupted by the 1999, 2000 era. if that's the case, guess what the rally could last longer than people expected. can i go to roger in illinois please roger? >> caller: shot the cramer what do you do >> thank you very much. >> caller: one of my favorite americans of all time started a company by the name of standard oil. it's not around but next of kin. i know you aren't a fan of oil but what do you think of exxonmobil as a long-term hold >> long term hold fine as fine as you understand long-term hold the millennial managers turned on oil for fossil fuels. countries like norway are saying listen, we won't have gasoline and saying that is the future
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and i am concerned that that may be the case. how about we go to bud in ohio bud? >> caller: jim, boo-yah ski daddy. >> what's shaking? >> caller: hey, jim, thank you for everything you do for us and father's day reminded me of your story how chinese predatory trade practices destroyed your dad's paper industry. >> they did. >> caller: i lived my entire life in what some call the rust belt so i watched it happen for decades which is why i'm interested in companies that are reassuring jobs but i want a good investment, too what do you think of stanley black and decker >> i'm proud of them let's bring those back i'm a believer and i think that stock is a good one. the last quarter was okay. i think this is a better quarter given the fact the weather is good and a lot goes depending on the weather because they are in big box hardware stores.
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i like your call and i solute you for what you're doing. to all the haters out there, first of all, hi, haters but guess what i don't think this is taught behavior yes, there are stocks topping all the time but right now, well, it's kind of joyous. sorry. we could go higher on "mad money" tonight, 2019 is the year has the bid to make the best plant-based patties heats up i'm talking to one company that could perfect the taste and pets an aren't just for cuddling man's best friend can help warm your wallet, too i'm revisiting my home made and best in show etf that could help make money off the friend and it's not what you know but who you know are halleluj hallelujah stay with cramer >> don't miss a second of "mad money.
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follow @jim cramer on twitter. have a question? tweet cramer #mad tweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to mad money.cnbc.come.
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sometimes is the market gets it wrong 13 months ago international fragrances, sense and tasteful all sorts of consumer package goods come at some point $1 billion wall street didn't like it. stock obliterated with 140 down to 120 and every time it would roll over. that is until this past month. lately iff caught fire up about 9% for the month of june and held a very bullish analyst meeting a week and a half ago.
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could this stock have more upside the chairman and ceo of international flavors and fry gran -- fragrances welcome back to "mad money." good to see you. i got to say to your great credit when you did that big equity offer, you came on and you said this is a great opportunity and not only was it a great opportunity but one of the best opportunities i've seen in a long time what happened between when you got the money and now? >> yeah, i think very important was to explain what it means for i.f.f. closing i see now many more people understand what the quality of the asset is what we did yesterday actually we showed them all what can we do in terms of expanded customer base and natural -- >> 30,000 customers. >> 30,000 customers, 75% of the portfolio of fruit or more is natural, we have seen a lot of adjacent business. 25% of the sales was adjacent
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businesses and demonstrated the r and d pipeline which was unmatched we've seen in history. >> what is incredible is you did this at a time of incredible skyrocketing cost. you didn't skip a beat. >> i would say it was certainly we did a great due diligence and made really sure that we don't over pay but actually, now after seven months, eight months after we close the deal, we really feel strong about the position and feel strong about the opportunities actually not just get the cost savings out of 145 million but to grow our top line significantly, as well. >> your raw cost are what? >> yeah. >> in your presentation, analyst meeting, was just stunned by how the most inflationary period for something you couldn't control and what you could control, the bottom line was superb. >> that's true we saw that on the scent side, the material went up significantly. we worked very closely with customers to raise the prices. we looked at reengineering
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products, as well and m co-ing o -- we're coming out of the crisis nicely. what is also probably helping is we had a good integration. we could do some of the products and some of these substances on our own, which helped a lot of our customers. >> i got to talk about what's going on in this this is a craze. right now there is this thing beyond me, okay? one of the things you taught me is that taste is also smell. you have that have the texture but you have what goes down. could you explain to me why some of these things work and why some don't because people suddenly, there have been these -- they had these synthetic hamburgers forever. suddenly it's a big craze among millennials. >> first of all, there is much more awareness that is very healthy choice that's number one. it's very sustainable for the environment so that's number two that matters to the millennials right now and number three, i believe right now at least i can
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talk from the i.f.f. point, we have the technology to do that and to do it in a very nice way. actually, what we did yesterday, we did pulled pork 100% out of plant based protein and people loved it you see what is doable or what we can do today? >> now, the difference between natural organic, is there all things that seem very exact subjective. >> yeah. some -- you have definitions it's certainly different in europe compared to the u.s. but one thing is clear, it has to be derived from natural ingredients and that's where we are really good we're now one of the world largest biggest natural extract to ers. so because we get this out of natural field and material and really good at it. >> versus say molecules. people prefer what you just described and molecules. >> absolutely. we see it on the flavor side for example. taste side
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90% is asking for doing something for them is for naturals out of organic and natural material and you see it's a trend. >> and it must have helped you small smaller firms want that. >> a lot. >> this is intriguing. with the human genome, have you been able to figure out more you keep talking about invasion. you have flavorers it seems like you have the edge on what you like versus what you know. >> we do around 500,000 consumer interviews. >> 500,000 i've never been interviewed by you. >> yeah, we probably should do that because i guess that we really know with our consumer inside what the consumer wants and that's how we work with our customers together to come up with really the best choice for them. >> one of those, i understand the vanilla is the most popular. it smells like when you were younger at home. you seem to know what we crave in a good way. >> yeah, what people like and
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then you see that vanilla is not vanilla. vanilla from madagascar is different from indonesia or ugan uganda. >> who knows this stuff? i mean, you probably got many tasters. you probably have unbelievable scientists i always think what must happen is that there is no chance to this you understand we were running pictures of raspberries behind us there is raspberries for seeds and for jam. do you know what i like in jam and seeds? >> i don't know whether we know what you like. what the general taste is -- >> the 500,000. >> we getting it in and testing with panel groups and come up with the best solution. >> now you got a very, you have at lot of international business and strong dollar not good are there tariffs on some of your products? >> right now we're lucky enough. we have planned for brexit i think we have plan a, b and c and you need all these plans i can tell you and china is very
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bee ni benign to us it's not material on our side. >> let me ask you a question, last question but do you think in this time, i think it's never been more important that you have an international outlook, that you can speak many languages, you can you have a per view that is much more than domestic it seems that's a real advantage for a ceo. >> absolutely. not just for the ceo, for a company doing 80% of the business outside of the u.s. i think you really have to know what's going on in the world i'm up next -- tomorrow, actually to india and i go to vietnam and go to china and back to europe. so i think you have to know what's happening in these areas. >> well, i got to tell you, you certainly do congratulations. thank you for coming in when the stock was in the 120s. that was the time. the chairman, ceo of international flavors and fry gran -- fragrances exactly why i like it. "mad money" is back after the break.
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ever since the explosive chewy ipo i can't think about the pet sitter the americans treat cats and dogs as members of the family and when you act like your pets are human as we do at home, you spend more money on food and health care. i've been pounding the table on this story for ages. last august we created a whole humanization of pets and ten favorite names and the wake of the chewy deal, it's worth checking up on this etf and updating because there have been changing as it turns out, we were a little early with this one the humanization is up 5% slightly better than the 2.6% return from the s&p 500 over the same period. impressive
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maybe. however like i said, we were early. 2019 tells a different story it's up 25%. the 16% return in the original formulation we had different waiting for each of the ten stocks. central garden and pet company, pet i.q. and pet med express and fresh pet got 15% and some of the less focused ones like general mills, gm smugger and walmart sold pet food, none of them got anywhere from 4.5 to 8% some of these were big, big winners. but we also had three double digit losers central garden and pet down almost 27% pet iq fell nearly 21% fed med express lost more than half, half of its value thanks for nothing. still mad about that those are some real stickers that have been a huge drag on
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the overall performance. the cramer fav equipment maker was up 9% and rallied double digits the timing on this was awful we created the humanization last august before the stock market peaked and mellowed down in the fourth that was particularly hard on stocks and while these names have come back into the style of the wall street fashion show, they had to climb out of a very big hole the two other top were up 25 and 30% and good thing we included general mills, okay? we have blue buffalo smucker for their pet food divisions as both rallied over 20% for the same period up 16% that's a real favorite stock i think creeps up and up now since the beginning of 2019, the stocks caught fire only central garden and pet and pet med are down year to date. everything else is up by 15% or
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more those are spectacular numbers. the gigantic veterinary company rallied 30% for the year it's still only the sixth best performer and in short the humanization of pets are red hot right now but you need to be selective how you play what happens with the losers that are pet e.t.f. and what do we do? do we dump them or cut our exposure this is not easy to do look, the big problems here central garden pet i.q. and pet med express. we got to dissect them three stocks bouncing off but their overall performance is d hideous. central garden and pet distributes although most of the business is pet related. the stock got oh blhe announceds upcoming plan retirement it didn't help the central
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garden and pet gets 40% from the gardening side and got a late start because of the awful weather. tell me about it the good news is central garden has bottomed after the company delivered better than expected results in may the stock has gotten cheaper than it was last year and you know, it would be a mistake to bail on it let's keep central garden and pet in the tf but cut waiting from 10% to 5% next up, pet i.q. the maker of drugs for animals as well as an operator of veterinary clinics, we had a bullish conversation and the stock has run from the mid 20s to 40 in a short period of time and in retro spect, i was chasing when i recommended it at that level that was wrong sure enough, pet i.q. was crushed in the fourth quarter and never really come back plus, it doesn't help that the company reported a not so hot quarter in march and then some short sellers started going after them for their vip pet care accusation which gave them the veterinary clinic business
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we like that business. however, last month pet i.q., we learned they are acquiring animal health for 135 million and expected to be added to earnings i don't have a great pet care situation. the story seems in tact and has potential but we want to cut pet i.q.'s allocation from 10% to 5% leave it in the portfolio. now third, there is pet med express. the company behind 1800-pet-meds. this stock was short fall and i should have followed my rules keep it in the penalty box you got to wait one quarter. i didn't listen to myself. they are struggling including chew wy and online pet pharmacy. i have a hard time believing pet med will make the numbers so we're removing it from the humanization entirely. sorry.
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go on. we also need to remove henry shine. why? because the company spun off its animal health unit in february and merged it with vets first choice to create an entry covetrus or the plant division of the dupont. this is a major distributor of veterinary supplies in part because it laid an egg as an independent company. company is an important player in the pet space but needs to prove itself let's put it in the etf with a 6.25%. speaking of breakups late last year, eli lilly spun off unfortunately stocks have been dead money since the first and serves and that's where it stays. problem. the ipo led investors to the stock and been digesting gains still, i like the company.
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straightforward story. we'll give it 7.5% waiting. >> final ly, there is chewy i like chewy the pet store we joined this weekend. that's right it became public on friday i adore chewy the company but i would like for the stock to cool off. that said, it's a lot less expensiv expensive. i say we give it a 12.5% allocation but if you buy it, buy it on the way down but i sanction buying it here. bottom line, the humanization of pets has been a fabulous secular growth story and now that we adjusted, i bet it can keep going higher hey, let's speak to sarah in iowa sarah? >> caller: hi, jim. >> hi, sarah. >> caller: thank you for teaching us how to do the homework
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my question is i have a recent ipo i bought on belief, we know what they are doing currently. so i bought it at 22 my question is should i buy it on this dip and get my cost down or is that being a hog -- >> i would buy some. when i saw the -- look, i think that the company array is a good company pfizer bought but these are all in the end good specs. i like that. i met management i would endorse it the stock fell during a period the people didn't like stocks. i would go for it. how about shane in pennsylvania. shane? >> hey, jim, how is it going i hope you had a great father's day. >> i had a terrific one. my kids all made it and that's all i care about how about you? >> caller: had a good one, thanks. >> good. >> my stock is allergan. i've been in the stock for two years and getting crushed. i'm only 25. i think i got some time to go. do you think i should buy, sell or hold?
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>> i think that it can -- you hit it at a two-week low it would be a big mistake for me to tell you to sell. it doesn't have the growth that i like it doesn't have the pipeline that i thought it did. we managed to sell it for the travel trust at high level but it still hurt us i'm not a fan. let's just put itthat way. eric in massachusetts, eric? >> hey, dr. cramer, big boo-yah. >> thank you. >> caller: first-time caller my question is about way fair. ticker symbol w. >> right. >> first quarter showed 39% increase year over year on revenue. >> it didn't make any money. i'll guide you towards r.h we had gary freedman on. could it have been more bullish? that's who i want to bank with the humanization of pets is a fabulous long-term growth story and you know i like this chewy i bet the new "mad money" pets etf can go higher.
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much more "mad money" with a company that matched over 3 million students with companies liking to hire talent. don't miss my exclusive with an uplifting story. private player handshake yes. glass pants, i'm sorry, glass pants. then some pundits are saying it's the most difficult fed meeting in ages. i'm pulling it easy. i'll explain all your calls rapid fire tonight's edition of the lightning round so stay with cramer
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the hunt for the next bull market, it's not going off the tape but revolutionized. consider the case for a company called handshake american college students think of it as a linked in for graduating seniors help match job seekers with companies eagerly looking for qualified companies. handshake is helping to close that gap it's work includes 14 million students and young alumni at more than 800 universities so let's dig deeper for people older that didn't know about
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this with garrett, the co-founder and ceo of handshake learned more about the company and mission. welcome to "mad money. good to see you. >> thank you for being here. please just for those of us who are -- been a long time since we graduated. tell us what you do and how do you help people? >> yeah, handshake is the leading career community for college students in america the number one spot that college students find internships. >> you just started. what were people doing before hand >> well, not too much changed since you were in school. >> okay. >> companies are, you know, sitting at career fairs and hoping the right kids walk up matching their table cloth with their logo and hoping their consumer brands are knowledgeable for students so they get the right students that walk up. >> how do you make money >> by helping companies connect with the best students in the country. so handshake is free for any company to use so 100% of the fortune 500 and
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it's a premium business model. companies can post a job for free, register for an event for free and attend a career event for free and if they want to proactively connect with talent, send messages or measure the efforts, they can pay for handshake. >> that's great. >> yeah. >> it's terrific and everything i really love. the thing i most like the best is regardless of who their parents are and i think there is a lot of people that recognize one of the shames of our country is that the parents of kids who are connected and are wealthy, their kids get jobs. those who are unconnected get out and don't have that. you're changing that equation. >> yeah. so much about finding the right opportunity beyond college is about the soak oeconomic statusf your family. 43% of college students are graduating with a job that doesn't require a college
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degree we want students to find meaningful careers >> how about online students and community students >> yeah, so students today can use handshake. the way they are using handshake is they are able to find and search for job opportunities they are reading reviews from other companies. they are asking and answering questions to one another and trying to help students make better decisions and learn from one another. so much about this job search problem is access to opportunity as you said earlier based on the economic status of your family or what school you go to but this problem is information and helping make, students make the right decisions. >> we read how the employment market has gotten tight. are there areas people can get jobs or is it -- do you have many people bidding? some people have multiple bids? >> what we're seeing companies do on the network is historically, the motto is you went to 10 or 15 or 20 core schools and basically sat at the career fair and hoped. >> right. >> we see many companies believe
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that talent is evenly distributed and opportunity isn't. they want to find the top students atuniversity. we want to see them reach out based on skill and location interest there is a story of a student at danny named danny at delaware state university that filled out his location interest and he's an accounting major and wanted to work in l.a. and we connected a company to danny, the student at delaware state university, a rural institution and they would have never had a footprint. >> that's absolutely true. not everyone does well in school and not their fault but they could be very smart. how about the kids that have good grades but frankly just didn't do well in a given year or something and can be really valuable as an employee? >> yeah, so we're seeing companies really 66% of the messages sent last year in the network did not include gpa. >> wow. >> you wouldn't suspect that we want companies to understand going beyond major
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what are the skills the student has and competencies and what do i need the student to succeed in my workplace and they are also ditching the traditional kind of motto where that -- they are finding top students from all around the country. >> why wouldn't a student be in your network i mean, how could you -- why would you never not be in network? >> i firmly believe handshake is the best spot. we're the largest network of college students finding jobs and internships in the country. >> i got to hand it to you i gave the commencement speech last year and i was worried about people matching skills i i don't know about handshake i think this is invaluable i didn't know anybody and my parents didn't know anybody and i just sat there for months. i mean, you've ended the sit there for months equation after you graduate college. >> my personal problem in college, many friends struggle with this. so much about it is knowing the right people and going to the right school and then on the employer front, too, employers are eager to find
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talent across the country and they would rather compete for the third student at the milwaukee school of engineering and hoping the right kid walks in. >> you're doing great things and i hope you make a lot of money there is nothing wrong with that here is the ceo of handshake more "mad money" after the break. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose.
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we are morgan stanley. 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, or you're in a military family, please stand. the world in which we live equally distributes talent. but it doesn't equally distribute opportunity, and paths are not always the same. i'm so proud of you, dad! man: i will tell you this, southern new hampshire university can change the whole trajectory of your life.
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it is time, it's time for the lightning round. >> buy, buy, buy. >> sell, sell, sell. >> are you ready let's start with matt in new jersey, matt >> caller: hey, big boo-yah from new jersey, trent, new jersey, jim, how are you >> good, how are you >> caller: doing well. i want your opinion on universal display. >> local company this one is too risky for me. >> don't, don't, don't. >> buy parts that have to do with apple let's go to kevin in south carolina, kevin? >> caller: boo-yah from south carolina, jim. >> nice. >> caller: got a question tonight on aqcrqua america.
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>> very steady very good. 52-week high regularly how about beth in pennsylvania, beth >> caller: hey, jim, how are you doing? >> doing well, beth, how about you? >> caller: pretty good thank you for educating us about the stock market. >> you're quite welcome. that's what i want to do >> caller: my stock is insperity. >> i'm sticking by it. staffing is a good story obviously workday is my real h.r. plight. let's go to les in wisconsin, les? >> caller: hi, jim first-time caller. long-time listener i'd like to get your opinion about a stock i bought about two or three months ago at 21. it is now down to nine the stock is teva pharmaceuticals. >> i can't recommend the stock
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some wag was hurting so said i didn't listen to cramer and i bought it and it's up big. wait a second, i recommend and said sell that stock for the last 20 points i hated teva for the last 35 points i expect it to bounce but i've hated it for 35. i'm not getting long here. that's it. that's a phrase for me and i don't like it. dale in ohio. >> caller: hi, game, i'm in a house of pain. marathon petroleum. >> the best of the lot but you know iturned against the fossi fuel complex the millennial money managers don't want to own them and they are hurting the earth which is a problem. can i stop that? i've tried i've failed. let's go to stan in florida, stan >> caller: hey, jimbo, stan from central, florida long-time listener read all your books and love your advice. >> there you go. what's up? >> caller: the stock i'm talking about is novacure. i have a nice profit
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does it have long-term potential? >> i believed in it since it was a single-digit stock that's the machine that helps brain cancer i think it's fantastic and if you have a huge profit, take some off the table and let the rest run let's go to sam in arizona, sam? >> caller: hey, crazy cramer, love your show love your staff. thank you for making us money. >> great staff >> caller: hey, i bought stars because of their excellent shows on and i made money. >> okay. >> caller: i bought lion's gate because they own the "hunger game." i made money now lions gate bought stars and i'm in a house of pain, jimmy, what do i do >> i've been asked for the viacom for the travel trust. i got to say no. i got to say no. i can't get behind lion's gate sorry. can i go to diane in california
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please >> caller: beev. >> delivered a great number. i mean, he is so good. i love that guy. he comes on the show he's mild mannered and delivers, delivers and delivers. i like it. i would not sell the stock one more, let's go to dan in new jersey dan? >> caller: boo-yah, jim, how are you? >> well, how about you >> caller: i'm good. well, my question for you today is about u.s. steel ticker symbol x. >> uh-uh, don't like it. don't like the steel business in general. in particular, i don't like that i got to say no. that's the end of the lightning round. >> the lightning round is sponsored by t.d. ameritrade ♪♪ ♪♪
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you listen, you think this upcoming fed meeting would be impossib impossible jay powell is an incredibly difficult spot he needs to worry about the next wave of tariffs unleashing meaningful inflation when we have inflation, the fed is supposed to slam on the brakes a slowdown, hit the accelerator. i expect the raft of articles but how some manufacturers can't produce goods other than china and get them today that's the case the tariffs will hurt as i told you many times, the president doesn't care about how profitable these businesses are. to him they are collateral
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damage as dan, the ceo, many-time visitor to us pointed out, this are two ways to think of the supply chain issue first, if we talk about non-critical items like toys, who cares? fireworks, who cares nobody needs to buy toys consumers can eat the tariff second, though, if it's something essential, something we can't do without for even a short time, he says it's unacceptable we allowed china to dominate the industry. if beneed we need to pay more, e it he thinks it's insane to depend on china i agree. the people's republic may not be the soviet reunion truch ha trump hates to lose elections. he hates to lose in business deals. he can be nasty. but when he gets fixated on something, he's relentless i don't think the communist party understands what they are dealing with here. there are a lot of companies that depend on china for
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manufacturing. trump unlike any presidents we had has no sympathy for them on friday we had the ceo and retailer of restoration hardware on the show. he said he couldn't real lly mo his sourcing from china because it was too cheap, too good he bit the bullet and moved with no choice. maybe the fed sees the chaos the tariffs could cause us and tells us they need to monitor the economic fallout what would that look like? not this time. instead, i expect a statement where he explains he's watching the situation closely and prepared to cut rates next month if things deteriorate. i regard that as the most likely outcome and most positive outcome, too as much as i want a rate cut, it might freak people out we need one here i worry we may see inflation from tariffs but there is a difference between the tax increase, which are what tariffs are organic inflation. they have been protected since last year and yet still it's
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down with the not so hot forecast there is no pickup at retail by the way so far that's why i think it will be a long time before we see real tariff related inflation but the slowdown is already upon us. the fed's choice is easy, stocks are going to keep climbing, we need words like monitoring and vigilance and concern and i think we'll get that cautious wording which is positive for the stock market because after last december, j powell understands the situation better than the armed chair analyst that acts like this a tough call give me a break. stick with cramer. we built it to help them go beyond. because beyond risk... welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. beyond technology... there is human ingenuity. ♪ ♪ every day, comcast business is helping businesses go beyond the expected, to do the extraordinary.
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i like facebook up nine after the bell i don't know that could be a tough one, but you know what? the whole commentary will be positive for the company i like to say there is always a bull market somewhere, i promise to find it for you on "mad money. i'm jim cramer and i'll see you tomorrow
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narrator: in this episode of "american greed"... ...when a prominent family in a small oklahoma town is found murdered, their son is the only suspect. there are four members of a family. three of them are dead. narrator: trust-fund kid alan hruby starts his white-collar crimes early. byers: those watches and that trip, he stole it. there's just no other way around it. narrator: but when the money runs out, is he willing to go even further to satisfy his hunger for cash? you've got one chance to explain to me how this happened. and later, in chicago... my grandmother would be very proud. narrator: businessman seth gillman cares for the most vulnerable, while raking in millions. he used to fly out of the country just to go shopping for his clothes.

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