tv Mad Money CNBC June 18, 2019 6:00pm-7:00pm EDT
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talk with viacom heating up. even without a deal, i like it. >> steve. >> should have told you, hfc hollywood is too chief. >> is that a metaphor? >> no. >> we'll see you back here 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 just trying to make you money. my job is to entertain and teach and put in context call me or tweet me. this wasn't just a great day for the stock market dow surging and s&p gaining and nasdaq and also a revealing day for weeks we have been battered
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by china worries as the trade war seems to be heating up, an enemy looks remote lly like a china stock g hammered what makes a china stock look what rallied big after president trump tweeted he had a very big conversation with the president shi. that by itself was shocking. but it gave us this boost as did the news that the two leaders plan to have an extended conversation, extended meeting at the g 20 conference next week now this meeting is a very big deal first, until today we doubted there would be one even after the markets have been stuck here all we've done is taken a round trip back to where we were in late april. did you know that? the issue, everyone is worried the trade war with china is causing an economic slowdown here which means the federal reserve needs to cut interest rates at the meeting tomorrow or
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perhaps the one in july. i don't mind when stocks are being kept afloat by the fed put meaning there is a net underneath the averages that will catch us or act as a trampoline and propel us higher when the fed takes action. you know it makes sense for the fed to cut more. the last rate hike was wrong long-term bond yields were plummeting and retail sluggish and transport. that's exactly when the fed should tap on the accelerator. i keep describing this as the bizarre bad news dynamic bad economic news means the fed is more likely to do something that allows stocks to go higher. unfortunately, this is not the dynamic that can take the averages to much higher levels as much as i want the fed to cut interest rates, i would be happier and much better if we simply had a strong economy with low inflation like we have rather than a not so hot economy that's about to get a boost from the central bank before it completely rolls over and dies today's china fueled rally shows
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us what that would look like allow this market to run, well, it's simple. wall street is worried about the trade war any indication that may ratchet down intentions is a reason to buy. we know that president trump is itching to extend his tariffs to the remaining 300 million dollars of goods because he feels betrayed by shi and worried how the chinese played other presidents if we put a 10% tariff on it, it's very possible american consumers will take a hit because the tariff in the end we'll see a targeted sales tax. not now, the president played for it retailers have been warning us for ages about this. you could argue that all these companies are talking their book and that's true to an extent but that's the point retailers want to stop the tariffs from spreading and will be bad for the businesses or bad for their business but might be good for the country the other problem the situations
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chief jay powell he needs to walk on a fine line. every time the president bashes him for raising rates in december even though the president was right, it's hard for powell to rollback that decision he doesn't want to look like a puppet i'm glad we got the news because the stocks are key to the next leg with or without a rate cut . i don i'm not minority i don't care i think he called president shi to stop the tariffs from rising and they went up we know the president has a big wish list what he wants the chinese to crack down on cyber theft and force technology transfers, stop dumping things like steel and aluminum and curve fentanyl and stop manipulating the currency to defeat the tariffs that wish list is too much for the communist party.
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in short, after today, there is too much optimism. we haven't seen any olive branchs ahead of this meeting and a company be told it's okay to do more business in china or be able to go at it alone. we didn't see that i do expect our stock market to be hammered if nothing positive comes off this g 20 meeting, and i'm now telling you i think, just me, not those pundits think the most likely outcome happens. which stocks are likely to get slammed after we saw what happened so you know what a disappointing g 20 meeting would be first, this is semi conductors when reported they told us there could be a massive short fall because the president blacklisted one of the biggest customers. world come stock rebounded back to where it was before the disappointment extraordinary. struggling back up and commod y commodities in demand. the king of chinese 5 g is rolling back and in spite of a recent downgrade and solutions western digital rallied. i think all these stocks will
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get hit if not hit hard if there is no deal. >> the house of pain. >> after the g 20. second, apple. now you know my stance on apple. we got to own it have been right. come on. the stock will go from 140 to 190 but after this recent amount, i think the stock is too cheap. the, let's say you have to expect it to get hit if the president rolls out another round of tariffs and wrongly doesn't give them exception. yes, i'm calling for an apple exception to the next round of tariffs. right now there are two sets of industrials roaring although, maybe they have been punished enough and got the ones that have rallied enough today they are vulnerable again. caterpillar and boeing fall in the category they are a service oriented. boeing is the future of the 737 max and i wouldn't sweat on it
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and i like them both here but then there are companies that need china because it accounts for a huge percentage of what growth they have companies like emmerson, 3 m, that stock was up today. i think the first two emmerson and 3 m might miss the numbers for united technologies, this is a complicated merger and a breakup story and i bet that stock will be under pressure until we have some resolution with the chinese fourth, the transports these stocks have been crushed by the trade war but fedex bounced today. the rails are making a come back more on that later we spoke to union pacific. these are rough stocks because if the president hits china with more stocks, they get walloped if there is no deal and their account is shaky i know nobody wants to hear any of that negative stuff i told you. there is tremendous of him 'tis m but i think i got to present a realest view out here on "mad money. i think it may be a mistake given the poor record of the
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chinese in keeping promises and the lack of trust trump has shown for shi. remember, he said shi said the bottom line, there is one situation nobody that owns stocks wants to see. if jay powell chooses to be less cautious and vigilant because of trump's latest tweet and no deal at the g 20 summit, it's a real possibility and you can't afford to pretend otherwise especially if your day's magnificent run. eric in new york, eric. >> caller: tractor supply with impressive earnings and descent fundamenta fundamentals, do you think these highs are sustainable? >> i like tractor supply very, very much but i have to worry about the weather and if i worry about the weather i'll hurt you. when i liked it in the '70, management and i went over the story, photos are terrific i like in the '70s 105, passing how about we go to mark in my
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home state of pennsylvania, mark >> caller: hey, jim, how is it going? >> not bad. >> caller: okay. thanks for taking my call first. >> of course. >> caller: i'm calling about tjx discounter. >> yeah. >> caller: and i know i saw your segment regarding retailers, you know, the barbell. >> right they keep running that ad. isn't that cool. go ahead, i'm sorry call no, no, no, i was going to say is with tjx it's not exactly a necessity they sell and a lot of goods are imported from china with the tariff thing and i'm just wondering if that's as good a type of situation as the dollar -- wel >> well, a lot of this stuff is bought from merchants that need lay off goods. i won't mention the merchants in the future it like allies, another one i left out that i shouldn't have all right, guys, i don't want to burst anyone's bubbles but there is a negative fed situation that
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could play out tomorrow and also, i'm not bagging on this g 20 everyone else is i got to do the opposite. railroad pacific has been crossing since 1862. remember the golden spike. could the trade debate make it lose steam do not miss my exclusive then it's time for caffeine. i'm going over the numbers with starbucks and i'm taking a look at wall street warriors lululemon and under armor. are they over stretched or hitting the stride i'm going to find out. stay with cramer >> don't miss a second of "mad money. follow on twitter. have a question, tweet cramer, #madtweets sent jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc
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as we prepare for the fed meeting, we check in with the railroads. they transport everything that matters. a huge presence in the west coast and reporting from china some analysts decided to throw in the jail. two separate downgrades based on the expectation that the economy is slowing and that means the earnings estimate haves to come down are they right to be worried let's take a closer look with the chairman, president and ceo of union pacific tio learn more how his company is doing good to see you sir. >> thank you.
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>> before we get into this stuff, there is a great heritage to your company and union pacific is probably i think the leader, always has been and has a great perspective on this country. i want you to tell people the heritage. >> yeah, so let's go back to may 10th of this year where we celebrated the 150th anniversary of the driving of the golden spike and that connection of east and west changed the country forever. there is a couple of little anecdotes weused prior to that going from new york to san francisco took six months and you risked your life and in real dollars at that time it was $1,000 a person when we opened up, it turned into a seven-day trip with a first class ticket for $160. you know, it just fundamentally changed the united states and ever since we've been part of the fabric of the economy and we've been building america. >> that's one of the reasons i'm glad you went that way because to me, fabric of america dictates lots which means you are conditioned to train you have to worry about trade.
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you have to worry about volumes. strangely enough, you have to worry about weather. these have all impacted, sometimes i wonder whether weather has been so bad that something changed weather because it is deeply affected your earnings. >> yeah, it definitely has as we've seen climate change occur regardless of what you think the cause is, it's occurring and as we've seen that occur, we've seen more violent weather impacting the railroad we're an outdoor factory and seen seasons change and the one thing that's fantastic about our team working with the communities that we serve is we recover an epic manner this past march we had our main east, west, main line out for almost two weeks it took us about 13 days to rebuild about a mile and a half of railroad and our team did it without injury and i'm just so proud of their ingenuity and how quickly and aggressively we go
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after restoring the railroad. >> i sometimes wonder whether the weather has such incredible implications for volume as does a potential slowdown we'll talk about that. even with these amazing things you're doing with precision railroading, it will defeat you and you can't share the shareholders. >> because there is things that we can do to be prepared so there is a tool that we use right now unique to us where our weather service like the noaa and profits services will provide to us an idea that you're going to get hit with a microburst in a matter of two or three days in this area. we've done the hiworkings to knw who that will impact and we'll send it to the men and women that maintain those railroads. clear these culverts they will get you in trouble we do things like that to prepare for the weather.
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no, the weather won't dictate our outcomes we got to deal weather we're largely in control of what the bottom line will look like. >> we have the president tweeting he'll see xi and talk about the tariffs in the g 20. the president is ready to increase the tariffs to include the 300 billion, perhaps as much as 10% have you done the mathematics on what that might mean for union pacific? >> jim, let me start by saying i personally and we believe the president is addressing the right topics with china. >> okay. >> that it's been a long time coming to make sure china does live up to the standards and spirit of the wto and that they are held accountable. >> you're saying that even though that could hurt your business. >> i'm saying that because that's the right outcome for the united states. how we get there is a different story. i think tariffs and the order of magnitude we're seeing now, 25%, i think that's going to
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ultimately damage the u.s. economy if they go on too long. >> okay. >> the president used them as an effective tool to get china to the table. >> right. >> but i think we need to use caution as to how deep and long we use that as a tool because it will definitely create a problem with our economy. >> now, the president's people i talked to have said over and over again that it's actually because of your plastics business, which is on fire, that they will bring man poufacturing back and the consumer isn't really going to be hurt and to some degree the chinese are paying for the tariffs classic economics 101 says that's a little of an ill advised way to look at it but there is a sense in the white house these things are working and there is no reason to keep them temporary until the chinese change their ways. stop stealing intellectual property you know the list. when you speak to the president's people and people in
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washington, do you tell them the american people could get hurt and need to take it slower do you recommend >> yeah, jim, i have shared with the president tariffs do ultimately hurt local economies and our people the state of nebraska has a very large ag community. >> head quartered. >> that's where we're head quartered. that ag community is significantly impacted by the trade dispute with china as china has gotten out of the market for u.s. soybeans one in two acres in the united states of soybeans is planted for export and it used to be 40% of those exports were bought by the chinese. there are about 0 right now so that means 20% of the crop has to find a new home and what a lot of people don't think about is once you break a supply chain, other supply chains grow to replace it. >> that's what i hear. if they go to brazil, you can't unseed brazil. >> if you unseed them, you might not unseed them all the way. you got to worry about that. there are other impacts that go on the economy, sometimes a
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tariff can mean the u.s. domestic steel market is robust. that's good. that doesn't mean all u.s. steel jobs are coming back the relentless pursuit of productivity and globally says a lot of jobs have been lost to automation. >> we have to accept that. we can't not the last couple downgrades have been about trucks and trucking rates going down they have been going up and how railroads have to follow i'm looking what you're doing with precision railroading and say okay, let's say there is some decline in the rate the fact is this precision railroading is a remarkable concept that is just beginning and you could get your operating ratio down even if the volumes don't stay because of the trucking problem. >> we absolutely believe that. >> you do? good this is key. >> you definitely hit we're in a softer truck market and that might have impact on the top line but we also know that our implantation of psr, precision scheduled railroading which we
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called unified plan 2020, that's well on its way and it's demonstrated significant productivity and efficiency savings and i think we know we're keeping with our guidance this year, which is a sub61 operating ratio. >> which is big. >> and over $500 million in productivity just this year and we're as confident as ever we'll be able to achieve both. >> as we're always giving some of that back with your balance sheet allows you to continue to buy back shares. you've bought back a tremendous amount it seems to be your orientation to continue to return money to shareholders. >> it is the whole thing we're trying to do, jim, is create more ability to generate cash and operating income and what we do with that cash is we first invest the first dollar into the railroad and then whatever is left, we give back to our shareholders in a combination of buybacks or dividends. >> fantastic the last question i have is you have to be somewhat relieved mexico is such a huge part of your business. i have places in mexico.
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i see union pacific everywhere you're a dominant player that's good news even though i know there are issues about germans building plants there and japanese building plants there but no tariff is good news for union pacific. >> absolutely. it's great news that that dispute was settled without tariffs now there is work to be done the u.s. mca has to be ratified. we have to get trade right with china. we have to move on to an agreement with japan and we need an agreement with the e.u. >> tall order but sounds like you're optimistic. >> i am. >> very good that's chairman, president and ceo of union pacific i hope you see why this is my favorite railroad. wow, i think you're going to continue to deliver and this precision is working "mad money" is back after the break.
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sometimes you're late to the sto story. you can try not to chase that doesn't mean we should try to understand, learn from it and put it into context. for weeks i've been watching an incredible run with starbucks and duncan the former up nearly 29% this is a big gain the latter of 25% and these company haves done a fantastic job of defying the bares starbucks is supposed to be caught in the cross hairs of the trade war with china and predicting a turn down in the end both stocks have caught fire and while i think they are too expensive for the moment to bounce on, it worth thinking what is fuel thing move. it's not just about coffee pric prices which have been trending lower. these are two companies that have taken control of their own destiny. so why don't we first start with starbucks? this is my favorite of the two
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candidly this is a stock that spent years in the wilderness. '83 what happened? the stock had a big break down and announced ugly numbers for the third quarter and you can see, i mean, it seems kind of marked time, okay? management slashed their same store sells forecast from 3% down to 1% the way the market hated that they trimmed dguidance ceo replaced howard schultz is re irreplaceable and doesn't replace the brand. you got to love when executives admit fault and take responsibility for not delivering the stock dipped to as low as 47 on the news and since starbucks have been working with only a couple of speed bumps and how did they do it this is a learning lesson. at the same time johnson took responsibility for the
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disappointing results, he told us what he planned to do to fix it the plan johnson said starbucks would close more under performing stores in more densely penetrated markets and talked about digital initiatives to bring more customers and promised to return 25 billion with a b in cash to shareholders with dividends and buybacks. 20%dividend boost. however in the wake of negative preannouncement, the u.s. business sealed to be slowing the chinese business was flat and didn't inspire a lot of confidence we brought kevin johnson on the show the next day and we asked tough questions. he told a very good story. but it was tough to like this one at 48. in retrospect, that was the perfect time to buy. now your next opportunity came six months later when starbucks held investor day in december and there was a lot of new information, everyone focused on the unfortunate headline starbucks cut the long-term earnings growth from 12% to 10% and a tough moment for the market
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the next morning i sat down with kevin johnson and derrick who the ceo of uber because the two companies were partnering up on delive delivery the first question was guidance and johnson pointed out the forecast remains strong. the 2019 die agaguidance was uc. after 2021 1 he had starbucks trend but the market didn't have it and the stock got dinged. once again that was a great buying opportunity to be fair, when they started buying stock back in the low 50s, i was on board but felt like wait a second, this could be foul money. why? because kevin johnson i've known him for 20 years and he's a man of his word. between his digital initiatives, execution improvements and partnership and pbuybacks, starbucks delivered two excellent quarters in a row they return to shareholders. as of march, they have gone
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through 14 billion and bought a ton back in the low 50s. and they announced another two billion to buy back. they got that money from necessa nesslynessly ll nestles. last month the stock experienced one last pull back from 80 to 75 as china fears heated up, starbucks is the largest coffee chain which is a major source of growth and people talking about how it will hurt them because the stock shrugged off those worries and the chinese consumers keep coming back regardless of the trade war. starbucks never should have sold off which is one reason the stock had a fabulous winner as managers keep delivering and delivering wow, the numbers in 2019 so far so good. kevin johnson deserved the benefit of the doubt i'm glad we gave it to him and while i'm hesitant to pound the table up here, maybe more on that later, i think it's worth putting this on your shopping list maybe on the hope we get
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another pull back perhaps because the trade deal breaks down and get the trade talk, we could get an opportunity here. all right. only the weakest, please how about duncan brands? the parent of dunkin donuts? this one is a little different dunkin stock has been moving up. there used to be a lot of these in california. they were supposed to be a southeast brand. now it's a nationwide brand and expanding on what they sell from coffee and donuts to more of a full service breakfast outfit however last year the company drew the attention of some high-profile skeptics and look at this. this is what some short sellers can do to your stock, too. not that the stock wouldn't be headed this way but act as an exc excel rent james said he had been shorting dunkin for a year and called the
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fr franchise base model the stock sold off hard with the rest of the market in november and december okay but then it came roaring right back and so far this year dunkin surged higher and higher with very good numbers. how did their do it? good, solid execution and improved the loyalty program and opened news stores, renovated and unleashed and on the go ordering system when dunkin reported the latest quarter, they delivered a nice top and bottom line beat long story short, management made a bunch of investments and reaping the rewards. i think dunkin has a ton of room to grow. and any other short sellers, these guys delivered executives can be smart. the one problem with starbucks and dunkin, the same reason i'm
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talking about them the stocks exploded higher this year and we hate chasing stocks after big runs starbucks sells for 27 times earnings ea estimates and that s expensive. just broken out the new highs in the past month and that's simply not when you're supposed to buy them but i feel good i told you in the 50s to buy this and 60s to buy this one and 70s. i don't have any remorse bottom line, sometimes you need to be disciplined. starbucks and dunkin arer terrific but if you don't have them, don't buy them if they get bought down because of whatever reason, the xi 20 goes bad because powell, let's see what he says powell says the thing that trump doesn't want him to see, let's just -- let's just say that's when you're going to get your opportunity and you have my blessings to start buying i'm going to kyle in maryland,
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kyle >> caller: a big old baltimore boo, boo, boo-yah for you professor cramer. >> nothing like a maryland call. i always have to say that. they have the most spirit of any state. try beating them let's go to work. >> caller: thank you i'm a college student. i'm an active investor and never miss a show. i even take notes because i think you're opinion and experience is extremely valuable. >> i have to stop you. kyle, can i stop you i thought college kids don't watch tv i thought they cut the cord? i thought they don't watch business you're telling me you are for "mad money". >> caller: i even bought cable television just to watch your show live. >> let's go to work. >> caller: all right my question for you today is about lk i remember your segment on the ipo a month ago and i agree with you when you warned us about your cash flow statement it's awful with ridiculous and rapid revenue and store growth, could
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you make a case for maybe wanting to trade not invest but trade this stock and if not, could you give us a company who chooses this extreme growth as their business model and where on their financial reports you see an indication of some real value or potential because i would argue that any company you take on this business model doesn't have the cash flow that we get excited reading about. >> kyle, listen to me and listen good because i'll only say it once you want to go, that's fine. what you need is shopfy. i'm not kidding. that's the greatest growth profile of any company i know and i think you can buy that lock in, playing with fire and i'm not going to get involved as i think you're terrific and i thank you for calling. i give you shopify all right. trump's conviction, starbucks and duncan brands are terrific they are great we love them especially kevin johnson k.j. as i like to call him but this isn't the right moment to
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buy. the earlier moments we're padding the table work "mad money" ahead. can lululemon or under armor work up a sweat? i'm tackling the technical stuff find out and moving into e commerce means for the stock not like what you heard all day and rapid fire in tonight's edition of the lightning round so stay with cramer.
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is there a real bull market, not just something with a femoral. it's worth pondering if they have more to run tonight we're going off the chart with dan fitzpatrick and the founder of stock market mentor and being my colleague at real money.com got a better read of the situation. let's start with the daily chart of one of my absolute favorites lululemon that's fallen 70% from the lows is it too late you got to ask this. to buy lulu? you're late but fitzpatrick doesn't think you're too late.
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they are being bought and that means it could have more upside. they think the stock could go to $200 and longer term headed to 220. nice ever since lulu reported at the end of the march, the stock was from 146 to 167 and hasn't looked back since. we spent the last few months trading sideways between 160 and 180. then yesterday lulu broke out above 180 and now at 188 so what do we make of this move? okay, fitzpatrick notes when stocks break out of trading range, they often establish a new channel above it and usually it's the same size as the one that's below these boxes of prices, that's a cool word, boxes of prices are known as darvis boxes because a trader came up with the idea they look like a flight of stairs, okay this is cool stuff based on this method, lulu broke out of the 160 to 180 box.
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that means it's next to the resistance at 200. up 20. however, fitzpatrick says this is a short-term target, not long-term and he likes lulu's floor of support is defined by the 50-day moving average with the red line very positive. same goes for the fact that it's flying on very high volume you see this spike in volume right here that's very important. this is a sure sign big money keeps flowing into this stock. all right. how about a longer term view look at lululemon's weekly chart, okay? on this one, the longer term 40-week moving average here is the blue line defines lulu's floor of support. this is consistent that does tell you the story good news. why is it good news? because fitzpatrick thinks the average is just about right, not too float that would indicate stock is stagnant and not too steep and easy money has been made the moves according to cramer is always bad moves
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can't go up too fast this is a goldie locks slope at a rate that's just right if we use the same darvis box method, for the past several months they have been trading in a range between 110 and 165. that's a $55 range if we operate under the assumption stocks go from one box to another box of the same size, that means lululemon's range should run from 165 to 220 and why fitzpatrick thinks it can go to 220 over a longer period of time you can see switch or eight very tall volume bars and they are all green okay so this is important the stock is roaring on high volume which gives us more evidence that major institutions are putting money to work in lieu lieu lululemon as long as the stock stays above the 40-week moving average, fitzpatrick remains a believer, you can see the big moves up on big volume how about one that really people
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have given up on except for me the johnny come lately join me now, i'm talking about under armor. yes. witness the action of the weekly chart. here is a stock that spent years getting hammered man. it's down 50% from the highs in 2015 but under armor has finally started showing signs of life as it pops out of a volatility squeeze. all right? so where does fitzpatrick think it's headed. before the break under armor was trading between 15$15.60 and $25 this gives us an 850 range this started forming when the chart broke out of the 40-week moving average that's a durable and reliable services spring board for much higher prices. squeeze, boom. okay if we use the same measured methodology, that means this is now trading between 25 and $32.50 giving it spent months coiled
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like a spring between the ceiling of resistance. fitzpatrick thinks the stock can cover that ground quickly and at $33.50, up 23% from these levels, under armor would be 39% below it's all-time highs. that's not a crazy target at all. i agree. so how do we get here? take a look at under armor's daily chart. fitzpatrick says the stocks is about a volatility squeeze i mentioned that you measure volatility with the black lines known as bollinger when these bands get tight, it leads to a big move in price because volatility is cyclic l you go from low volatility to high volatility. there is diverging indicator down here. okay that powerful momentum gauge detects changes in the trajectory before, not coincidentally but before they happen and it can help tell a
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bullish story. under armor is getting support not from the longer term average but from the shorter term 20-day moving average, the blue line. you can see that getting support from there which the stock rebounded off of last month. that's another sign of momentum. let's zoom in with the daily chart back to april. okay a lot of stuff here. fitzpatrick is one problem with under armor based on this action the stock exploded higher over the past couple weeks, the volume is light. volume is like a polygraph for technicians. high volume means the move is telling the truth. light volume means it might be lying. you want it to rally under armor did that at the very beginning of the month when the stock rebounded on the 50-day running average. the rallies continue and the volume dropped off as we see that's not fatal to the story but makes fitzpatrick more cautious he would be happy to see under armor regroup at current levels
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it is time and then the lightning round. are you ready? the lightning round with amy in connecticut. amy? >> good evening, mr. cramer. >> good evening, amy. >> i appreciate your 25 years of insight and thanks for taking my call my question is for the stock, great looking chart and up trend but one of the few opportunities in today's rally the company. >> i think people say the rivals would slack. partners will slack. i say they are fantastic and i like those guys.
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the symbol is t. marry ann in illinois, marianne. >> caller: hi, jim i'll get right to the point, i'm thinking of buying spotify. >> i'll get right to the point i think you should buy let's go to pennsylvania. >> caller: boo-yah, jim. >> boo-yah. >> caller: from the poke know. plg. >> i got to tell ya, i think that stock is terrific i want to go to daniel in new york, daniel >> caller: yes jim. >> hit me. >> caller: i'd like to take a moment to thank you. >> of course. >> caller: for all your good advice and making me a better invest investor. >> thank you. >> caller: you're welcome. my stock is annette. >> man, you're talking about
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jshreed and we believe in it >> caller: hey, jim, love your show first-time caller. >> first-time caller halliburton at 30. >> sell, sell, sell. >> hate to be anti toss lers fou i am gregory. >> caller: how are you you are indeed the fairest them all. >> well, thank you very much. >> caller: great call last week. if you're on the fence, join up, it's a great job. >> thank you very much >> caller: you got it. i'm calling about invitation homes. >> invitation homes, i'm not a fan. i'm sorry, nice comment. that is the lightning round. >> the lightning round is sponsored by t.d. ameritrade
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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 options trading 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
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just because a company is cynical and self-serving it doesn't mean it can't do good things now and then and that's facebook's cyber currency initiative this could prove to be a very good thing for 2 billion plus people who don't have credit cards or live in countries where there is so much inflation that a traditional bank account, well, let's just say it could be quite risky. there is a lot of justifiable skepticism they have been doing
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this to improve their image. i'm sure that's part of it not that there is anything wrong with that but this non-profit initiative run by david marcus and a guy i like very much who is a champion for privacy and will work. letting users in countries with unstable currencies, 48% of the world's people live in these regimes and let them conduct transactions in these situations, you put your money in dollars or gold but they got another option that has much less friction, less cost facebook isn't trying to make money on this but could launch next year. why? because it is right to make any money but it's also right to show congress that hundreds of millions of people still trust them and need them they are really desperate for better p.r who can blame them they don't want to be raked over the coals for the rest of their lives so they are doing a good thing, really good thing
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we know check cashes operations have an influence. if you don't have a bank nearby, you'll get ripped off by these check cashing guys and if they help meillions of americans, it will help millions of americans. maybe a crypto currency won't help but we bring back postal banking, you can open an account, something we used to have when i was a kid but we don't live in a perfect world and in this world, libra is better than nothing. your phone, this is going to become your bank for billions of peel however, this initiative could cut huge banks out of the equation and take huge credit card transactions and visa and mastercard are lined up on this throwing the team. good way for the company to improve the image. it would be better if facebook didn't do anything shady to
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begin with but the model is using your data to come up with targeted advertising they are not going to do that but setting up lib in a way, thi a generally positive thing i have no problem with companies doing good things to improve the image. i wouldn't be surprised if libra is a big deal for facebook shareholders getting used to one more reason to buy the stock if you needed any more to do so you needed any more to do so stick with cramer. security, blockchain, and we will be first to market! yes. when we do we launch? unfortunahours.in 2 or 3, why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market.
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after the close, one of my absolute favorite cloud kings reports a monster good number. you know i think these cloud stocks are for real. my i suggest you buy sales force down because it made a very good acquisition, there is always a bull market somewhere. i promise to find it for you here on "mad monumoney.
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i'm jim cramer and i'll see you tomorrow >> welcome to the shark, where entrepreneurs seeking ank, investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ first into the tank is an entrepreneur with a revolutionary new bike accessory. hello, sharks. my name is kent frankovich. i'm a mechanical engineer from san francisco, california, and co-founder of revolights. i am seeking $150,000
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