tv Mad Money CNBC August 12, 2019 6:00pm-7:00pm EDT
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levels because of this fear for medicare for all love the aetna deal. they continue to beat and raise. >> dan >> i think veelt a bit of a disaster the xrt is one of the worst. when it breaks 38 it's going much lower >> see you tomorrow with more "fast. "mad money" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm trying to help you save money my job is not just to entertain but educate and teach and put this in context. call me at 1800-743-cnbc or tweet me @jimcramer. after another brutal day and shaking market, dow plunging 390
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and s&p plummeting 1.22% and nasdaq nosediving 1.20%. i know they are bad but it was worse at one point, everybody in wall street is searching for companies strong enough to tran send the day to day havoc and there is a lot of havoc to tran send we opened on fears the chinese government might need to crackdown and send in the army, the poa, the coolest situation down then buyers stepped in to take advantage of the pull back after all, so far china hasn't done anything serious and nothing but a negative note by goldman sachs about a possible slowdown and the economy then those buyers who came in got blasted. next thing you know, bonds are taking off again and interest rates are falling hard and we get hit with an all too familiar freakout everyone is worried there must be something very wrong in the global economy if rates keep
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falling. doesn't matter if it spurs commerce supporting a 1.64% yield and going down so much in yield. so quickly it is pretty incredible, isn't it wow. why do investors from all over the world keep crowding into safe assets like u.s. treasuries and crowing it's great to get out of the stock market? first, there is a sense of forboding. the majority will say tariffs are the bayne of growth. we need to crack down on china's bad behavior the trade war is hurting chinese consumer spending and chinese capital spending the note this morning i referenced argues it's only a matter of time before the slowdown is experts to our shores second, central banks worldwide are engage in a race to the bottom you hear that a lot. they are doing everything they can to debase currencies to breathe life into their
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economies, makes sense that means they are devaluing versus our green back that makes the dollar less competitive. this makes people afraid because central banks wouldn't be doing this, right? unless they were worried about the global economy why bother they must know something we don't, keep hearing that the upside here is that lower rates are indeed good for business but nobody on wall street seems to care right now they don't think lower rates will spare commerce. to me, this is crazy current situation is nothing like the leadup to the great recession. we're practically full employment lower rates should be fabulous for business and so many money managers are terrified by the implications here. the idea rates would never be this low unless something was wrong, they don't care about the positives, they aren't looking for opportunity. we always look for opportunity third, a lot of people are concerned about negative interest rates in europe but there is nothing inherently wrong with negative rates. unfortunately, places that have them are risk adverse that they
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won't take advantage to get economies moving these governments could borrow money at a negative rate people would literally pay then to take their money but they wouldn't do it the problem? most of the people that run europe live in the fear of inflation because of what happened with hyper inflation. the problem is deflation, they haven't gotten over the inflation. plus the european union has rules against deficit spending that make it harder for members to borrow massive sums of money but they could do something. that doesn't explain why our government refuses to take advantage of the situation the nation's balance sheet, if only they could do that they can make an exception somehow. we could borrow a fortune for 30 years at t2% this to me is a failure of imagination. people are desperate to buy u.s. treasures. the government should give it to support infrastructure final reason, there is so much doom and gloom businesses aren't borrowing like they used to. i think that's the main worry now.
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companies won't be able to expand because something is wrong with the economy the bears think this fear will trickle down to the consumer in a very negative way. the idea is we can basically talk ourselves into recession even though the only thing to fear, thank you fdr is fear itself i know this sounds like circular but it's happened before the economy is about confidence and when you lose that confidence for whatever reason, it can do a lot of damage. people are talking about this like it's a total fixation we're roaring like the '20s or crashes like the '30s things were going well now they will go worse i don't think it's worse than that that brings us back to the big question, what can transend all those whoas. what can earn you money? first, i've got a list here. there is nothing new you need gold.
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rates are extremely low with a non-interest baring asset a smart way to put your money to work think of it as insurance you can phone the fiscal medal, put it in the safety deposit and etf that mirrors gold prices i have two minors i like they kept the symbol gold and represents great value, that's dr. mart, okay then this morning shaun boyds, i mean, this morning a great number and we had shaun boyd on recently wow, he's got terrific growth. you know what? let's do this. either is fine with me, okay they are both run by talented executives second, how about safe dividend stocks are rates so low? when rates go down investors put a premium with a safe yield. the obvious ones are utilities, american electric, the three i've been using.
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i say using, i talk to you about it i like some of these real estate investment trusts. how great has she been telco verizon. third classic slowdown stocks, more riskier, campbell, kellogg, coca-cola, they held on today. i like merck i like bristol myers but they are doing good things that are consistent like coke and merck or taking action to reaccelerate their growth like campbell soup and bristol myers. look at that merck, huh? people know quality when they need it. fourth, you can hide in the stocks of retailers with enormous scale this is something that is my view others don't agree with me. i don't care i like you to be in watch. that's my acronym for walmart, target, amazon home depot. the watch names are winners in this environment, consistent winners because they can strong arm suppliers into eating the
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cost of the tariffs. and they have such a hold on the american consumer. now i think the recession stocks work here. i do not believe we're headed into a recession, people there is too much going right. lower mortgage rates, lower car rate loans to buy cars robust consumer spending and strong job creation. they are weak spots, hardly the stuff for recession however, because of this job, i'm also a student of the market. the bottom line is that as a student of the market, i know you can't fight this bearish short term over a longer time frame, i think i'll be proven right about the economy but for now, the data da action y to dal reek havoc for technology stocks and worst of all, financials until rates get so low sellers come to the market and buyers come back to stocks. of course, it will be done at the exact same time. let's go to andrew in missouri, andrew >> caller: boo-yah, jim.
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>> boo-yah. >> caller: big fan of the show. >> thank you so much. >> caller: you bet ya. you've been really helpful i've been in it three years learning and it's helped me a bunch. cash levels in the ira, i wanted to see -- i've been looking at really beat up names here lately, i think it's time to take a look. >> i spent a lot of time over the weekend looking at kraft times. maybe an hour. they are doing quite badly and i can't recommend a stock because it's cheap because it turns out to be often not cheap when we see the earnings i have to say no i prefer coca-cola jerry in kansas, jerry >> yes, mr. cramer i bought $20 a share and i sold some of it at $70 a share. with everything going on, should i sell the rest or keep it >> i think that people -- i'd sell some. i'd sell some because i think
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that in the end, the apparel stocks are losers right here, and even the good ones are losers so i mean, even the vfs corps, a good situation i don't want to touch apparel. let's go to casey in california. >> reporter: this is casey from south sacramento. >> i love sacramento. >> caller: the stock i'm calling about is shopify too late to jump in? >> you have to wait for it to come down. it hit 372 today i a have big conference call wednesday where i have to talk about the shopify of the world because wow, some of these stocks went up so far, so fast let's go to chris where my daughter used to live, oregon, chris? >> caller: boo-yah to ya jim from the pacific northwest. >> i love where you live what's up? >> caller: i'm looking at duncan been collecting since the beginning of the year and the beyond me partnership, what do you think for the rest of the
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year. >> i like the sausage but that's not going to move the needle that said, dunkin is good. it's a good story and i won't tell you that it's anything other than a very good stock to own. all right. there is a lot of terror in the street, but there are stocks and themes that can buck the gloom and doom and you can go into them slowly. this one you have more pressure to get in right now. that's the key to remember especially on days like today. i don't want you to be ruled by fear on "mad money" trump slammed video game for violences and the earnings album, i'm talking to the ceo about headlines and it's not a doctor but plays one on wall street. i'm talking to ceo of kurig. and botox is dominating the market don't miss my exclusive so stay with cramer. >> announcer: don't miss a
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get this, early this morning i'm reading two different pieces of research in a row, and excellent piece a thesis even on dollar tree and olive garden and long horn steak, given the line at olive garden, it's always so jammed when i go i like both the pieces, dollar tree like it's cousin dollar general, far more than everyone understands. everyone is wondering what happens to the dollar stores i think it will be manageable. on the surface the company has plenty of wows from the cost of the dishes to labor shortage to
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rising price of chicken or beef but everyone is worried about a slowdown if we have a slowdown, the labor shortage will be no longer a problem and if america wracks the agriculture, it means the raw cost will come down and the price of gasoline will plummet leaving consumers with more money in their pockets that always means they go to olive garden for dollar tree, that's where you shop when the economy is in trouble and after i read the notes, very upbeat watch the news and it's like i mentioned at the top of the show, the chinese army is like it's on the verge of occupying hong kong and backed down to recession the trade war with china keeps escalating what do you do with the likes of dollar tree? these are great companies but stocks are members of what's called the s&p 500 you have to worry they could be dragged down by the gravitational pull of the market with these fabulous pieces of research, they shed 1% and dollar tree managed to rally, i
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think that's -- he's that popular. at the same time, i can't get it out of my head that a slowdown will draw people to the dollar tree like a magnet and the cleaner stores never looked better they bought family dollar, much worse chain they keep revamping. if you get a dip, you know what? i think to buy darden stock is 3% and dividend is as safe as it can get they sell for less than 19 times. dollar tree clocks in at 18 times. i think the future for both seems brighter than the past inexpensive, what is not to like it's their membership in the s&p 500 that worries me. people sell the s&p 500 in this market i could see darden to 17 times, 15 times if the averages keep getting hammered those would be big hits in stocks fear can do that i saw it happen in 1998. the fear of the system collapsing back then you had a catalyst that collapsed with a hedge fund
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long-term capital and had no idea how low ink ththings could. maybe that's happening now you know what? don't be a hero. i do like the stocks of dollar tree and darden. i think they earning once the coast is clear sure, the biggest is the u.s. treasury yields will keep falling. that makes a stock like darden more attractive. dollar tree benefits from the slowdown but not enough to offset the risk for me you have to wait for the dust to settle we were still selling this morning for action alerts plus.com club, still this morning. i don't want to be a hero as long as the markets fortunes are handcuffed so when yields go down, which they are, all stocks, even good ones go down, well, let's just say we're not done let's be careful stick with cramer. - stand up if you are first generation college student.
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years can chug higher but late last year the whole group went into a tail spin these free to play battle royal games like fortnight pulling back from $149 to $84 this february since nobody has been on fire, never stop releasing huge titles and making a fortune on grand theft auto and 2 k sport games, maybe the thing we have to talk about more than anything after climbing from lows, they launched last week when they reported a spectacular quarter and much higher than expected 46% year over year, highest ratio of expectation to beat that i follow and management's forecast is fantastic which could be one of the biggest titles stock exploded higher and much more room to run don't take it from me.
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let's check in with the bankable chairman and learn more about the quarter where his company is headed welcome back to "mad money." good to see you. >> good to see you. >> have a seat straight out congratulations you. the best beat of 2019. >> thank you. >> it was grand theft and nba 2 k and red dead reception you've been in the hit business all your life. have you seen so many hits click at once? >> answering the question makes me nervous. >> we're grateful and the reason they deliver is our strategy to make the best entertainment. we don't always succeed but aim to do it every day. >> two times ago you were on you said we screwed up nba 2 k and didn't have the launch because you weren't happy with with the numbers and said don't worry
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last time you were on, i kept pressing you about fortnight both panned out as you said. that is something i would be proud of. >> we're really happy with how nbc 2 k is doing and fortnight hits are good for the marketplace. nba 2 k 19 has now sold in 12 million units and reoccurring consumer spending is up 140% in the quarter. it is extraordinary. >> there was a time when you would sit here and the nba season would end and sales would drop and get the right music going in the background, it doesn't stop. >> it use bed d to be a three-m experience our goal is to make it a 12-month experience. it never ends. just gets better and better. >> there is a country where that's the case. >> china. >> in china we have our online game and launched this second version, second iteration. that title is up 75% year over year and 46 million registered
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users. it's the number one. >> 110 million and what are we up to now for grand theft? >> 110 million you should know in the past six months, five out of those six months, it's been a top ten title. >> that's incredible. >> grand theft auto online is up -- set a record in the first quarter before the launch of the casino pack. >> i'll tell you what a clown i am i see you have this thing, i think maybe you opened a casino. diamond casino and resort and i go to expedia -- >> you thought it was a physical -- [ laughter ] >> ready to book a ticket. >> i thought you had all these things i said he's got a palace of gaming you do that thing so well. you make it so realistic. >> rock star games has done an amazing job and social kasay that is a big part of the interactive entertainment business and great to be in the social casino business through read dead online and graft theft auto. >> let's talk about red dead the numbers are amazing. was the world just craving for a
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western? >> we think so you know, the conventional wisdom before the launch of the first red dead redemption was westerns don't work in interactive entertainment. truth is, if you give an audience something that's unexpected and fantastic, they show up for it read dead redemption 2 is sold in 25 million units. >> of course, my nephew cliff mason writes the show with me. i asked him how big -- he just sit there is he plays a lot of the games while writing the show together. he said border land 3 will be big but not as big as red dead don't get your hopes up. what do you think of his view? >> very few titles can rise to the level of rock star game and if border lands three is close to red dead redemption, we would be thrilled. the truth is that border lands three coming out in september is shaping up to be a massive title because the catalog is selling great. >> i wanted to talk about it it's like a prequil. the margin must be incredible.
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>> the margins are high. we're delivering the versions and consumers are loving it. a concern we had is it's been almost eight years since border la lands two. the buzz is saying absolutely yes. >> grand theft in the news, the president comes out and links it to gun violence. every time i've done it, i think there is three different appearances in washington. you have statistics and data that shows isn't right but i don't want to put words in your mouth. >> you and i are both fathers. we're sons, we're siblings this is a terrible tragedy senseless tragedy. and we -- it's fun to talk about entertainment but, you know, lives were lost. the truth is, it's disrespectful to the victims and the families to point the finger at entertainment. entertainment is part of people's daily joy, and it's consumed worldwide and it's the
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same worldwide gun violence is uniquely american and that has to change and that will only change if we address the real issues. >> and if you found that it was creating gun violence, you would pull the title. >> in the same way i wouldn't choose to market substances that cause people to get sick. >> right i don't want to leave on that because there is too much excitement here. i went to see invidia with a team i couldn't tell what was a real actor. that's in the future it will be bigger than what you have now. >> that will allow us to do things we haven't been able to do before. that's exciting. as i've said before, you know, we're going to reach a point where you won't be able to tell the difference between what's created in the computer and what's real. that doesn't mean we'll do it for all of our games border lands for example is an animated universe, it's always going to be an animated universe but this promise of taking certain titles like basketball
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and making it truly look like live action is close squint a little bit. looks like live action that's really exciting and gives our creative folks a canvass on which to paint. >> i want to congratulate you. you're a person of your word you said all these things would come and i'm not jinxes you but it was great take-two interact. this is the kind of stock you buy when there is craziness. there is a worldwide entertainment juggernaut "mad money" is back after the break.
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what do you circle around? how about a beverage company last year the green mountain single serve coffee maker bought dr pepper and transferred into a cotton cold power house. the combined company is a subsidiary of the parent private holding and dr. paper trades publicly under the symbol kdp. we recommended it shortly after and the stock is a huge winner up 45% since the deal closed 14 months ago nearly 12% gain year to date last week they reported an unbelievable quarter modest earning but coffee was on fire soda was subdued, we'll find out about that they can generate 2% sales growth for the full year that would translate into 15 to 17% earnin earnings this is a consumer package goods. the chairman and ceo of the prospects, now had a year to
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digest welcome back to "mad money." good to see you. so many doubters, you have an amazing history of reviving brands and making companies come alive. this is one of the toughest yet but able to do it. >> yes, yes. i mean, i think we got a combination in this portfolio of brands that have been around for a long time and we add new brands to it so it's a combination of renovation and bringing new brands into the system. >> you're doing actual inviting. you're doing things with brands, other companies i won't pick on. there are some that presume every year will be minus one you don't presume that. >> not at all. i think diet dr pepper is a great example and dark berry that we launched fantastic marketing behind dr pepper, the college football championship that we take over every year that drives growth in dr pepper and then a brand like canada dry
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ginger-a ginger-ale, we have a 70 share canada dry grew double digit volume last year. >> i found that to be unbelievable and adding all sorts of different flavors and people love them. >> canada dry was part of the growth. >> that's amazing. the most incredible thing about it, i love the soda but how many households is this in? >> we're in 28 million american households up 20% over the past two years and honestly, we feel like we're still just getting started we have double that. >> topped out. why did everyone say it was topped out. >> we saw growth slow down and use the word saturation, which we've never used and all it was was a need for more invasion and good marketing and that's exactly what we've done. >> before i knew you were coming on, i said to my wife, wouldn't it be great to have a coffee pot. little did i know because i didn't do my work. here it is i went on amazon and it's not
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there yet. >> will be next week. >> who do you think -- i can't ask you the numbers but this is obviously going to be sthamg inclui - something that includes a lot of people that didn't think these were right and missed the pod. >> this is the k duo brewer. there are three different models we're introducing it for the holiday. we did work in 2016 when we took the company private to understand the barriers. there were a bunch of them we're addressing but the number one barrier is i don't want to give my pod up. maybe i want it on the weekend or when company comes over but i want to do a single serve, as well we gave them exactly what they wanted and the early read on this is very, very short. >> you gave my kids what they want this is -- they always say you have to ask this guy, single serve. landfill, landfill, landfill but you've come up with something. >> sustainability is a big topic across the board we took that to heart first on the k cups so all of canada has been converted to recycleble k cups and all of the u.s. in
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process of being converted now will be converted by the end of next year. we're just getting started recycleble post consumer p-e-t in all packaging 30% by 2025 it's part of a bigger program to make sure the environmental footprint is sound. >> my wife is on the board, i know from the way you led your life, you care about doing good things, sustainability i want to ask you about your theme impact per share this is something i've known you care about all your life what are you doing besides making that to drive home that you understand what the new consumer wants in terms of the environment and in terms of the footprint. >> it starts with, all of this is really listening to your consumer you have to listen to your consumer of all different ages and we know, it's not a surprise that younger consumers want healthier products and the products with a much lower impact on the environment. we launched our drink well do good program which we put on our website. it's all of our commitments to
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lower the impact, energy, water, solid waste and packaging repsychobility and sustainability, as well. we know the younger consumers. you talk about bucknell, students talk about that all the time we have to do it. >> just some things i want to ask you about, spiked selzer is that something you should be thinking about >> we're in the non-alcoholic business the distribution system is a power house for non-alcoholic beverages but completely different distribution system for alcoholic beverages. we launched a product called drink works, which is the first alcoholic beverage keurig machine. we did it with anheuser-busch. we can develop machines and pods but they will handle the alcohol beverages. >> tariffs, they put it on these
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and raised the price a bit tariff issues here how are you handling this crazy world? >> we're monitoring it closely because it changes quite a bit the biggest impact is on the machines we've been thinking about this for awhile and diverse fified supply base. we spread our distribution and sourcing out of china, but if it were to hit in september as it's scheduled to, it will have a short term financial impact. we talked about 10 to $15 million on the call but we believe we can mitigate that in 2020. >> people have to understand, that's actually not a lot of money for a big company. >> 10 to $15 million >> yes. >> absolutely not. >> i want to ask you, i want to go back to what's obvious about it you're a turn around specialist. are there hope for dead brands >> there is always hope for dead bran brands we talked about the foods -- >> what a success you had there.
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>> people talk about carbonated soft drinks being dead they are not they are growing renovate the brands and add benefits to make them contemporary and bring good marketing to it, as well. >> i have to congratulate you. i went through all the research. people started with a sell, with a sell, they didn't know you they didn't know bob that's what matters. chairman and ceo of keurig dr pepper we told ya "mad money" is back after the break.
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it is time, it is time for the lightning round. buy, buy, sell, sell and then the lightenining round over are you ready ski daddy? the lightning round, i'll start with inomar in new jersey. >> caller: hi, jim. >> hi. go ahead what stock >> caller: i love your show. >> thank you. >> caller: i want to ask your opinion about delta airlines >> i don't like the airlines i think the group is being pulled down and not the right
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place to be at the moment. when delta yields more than 3% which is a couple points, we'll look at it again let's go to tom in florida, tom? >> caller: hey, jim, boo-yah from the family to yours. >> boo-yah, thank you. >> caller: amta mag, if the commission what is your take on this >> good speck. i look at it before when we do the biotech handbook i think it's a good speck. yeah, look, these are all diagnosis cancer cardiovascular. own them and just say to yourself, okay, i may lose money in this but there is always a chance for home run. let's go to charlie in florida, charlie? >> caller: boo-yah, dr. cramer. >> boo-yah >> caller: my stock is okta. >> okta. somebody on twitter said what do i do now it had a couple bad days
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here is the thing. there is a lot of insider selling by the ceo i think he's terrific but you know what, these are the stocks coming in here you can wait you do not need to step up to the plate to buy it right here dave in illinois, dave >> caller: dr. cramer. >> dave. >> caller: well, now, got german johnson growing this year. >> german johnsons look good frankly. they just are coming in. a week later than the other tomatoes to be honest but look so good and i have one with a sandwich this weekend and it was great. thank you for asking. >> reporter: sounds good it's a cloud based software and service platform it's not survey prime mate, it's survey monkey. >> survey a monkey, dave, thank you for the kind compliments survey monkey is a good company with a good quarter. there is no hurry to buy anything the company is doing well. let's go to jim in arizona, please, jim?
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>> caller: hello, mr. cramer, thank you for taking my call. >> of course. >> caller: i recently retired, and i converted all of my stock holding to an income-based portfolio. i'm looking to add ipg is this a safe investment? >> yields 4.5. i happen to think that roth is very good, wish he would come back on the show and i think you're in good hands with that one. the stock is down a lot but only sells at 11 times earnings let's go to damion in new york, damion. >> caller: hi, mr. cramer. i'm 31 and been investing in three months and my girlfriend swears by resolve. the stock is down 16% since then is it a buy? >> damion, i'm going to say yes to that. i thought it was a terrific quarter. terrific i think people got it wrong. i think you're right i think it's a good stock but i don't buy it all at once,
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though let's go to michael in texas, michael? >> caller: hey, jim, good to hear you. >> thank you. >> caller: got medical property trust at 14 or 18 but i'm concerned that they over spend on acquisitions. >> i think they do you're absolutely right. not for me i like conservative. one more let's go to thomas in maine. thomas >> caller: hey, jim. >> thomas. go ahead >> caller: jim, can you hear me? >> yeah, you sound great >> caller: okay. hey, thanks for taking my call. >> of course. >> caller: i wanted to ask you about planet fitness i've been a member there for six years and owned the stock for a year and just had -- what looks like a good quarter but the stock dropped. >> you can't take the queue from the quarter. planet fitness did have a good quarter. it's coming down like the rest
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of them and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade ♪♪ ♪♪ ♪♪ 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.
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botox. if you want smooth, wrinkle free skin and been using botox, you can switch to it and does the same thing and cheaper this morning they reported the first quarter. sales are higher than expected the company had a much wider than anticipated lost. some are worried in response the stock got slammed down 7% but then again we had a hideous take. we checked in with evolus when they got fda approval. i told you not to chase it it pulled back substantially and definitely things to like about the quarter. is it worth buying here? let's check in with david, he's the president and ceo to get a bet sense of the quarter welcome back to "mad money." good to see you. >> doing well. >> now i've got to tell you, some people are worried about a loss all i saw is that you are taking this market by storm with it was admittedly with a promotion but tell me about when the promotion
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ended. how many people switched back and how many aren't? >> jim, as you pointed out, i was last on shot after we got fda approval may 15th we launched it with the largest program to hit the ed threat space. we had 3,000 accounts in 90 days this morning we got to 5,000 accounts within that window of time, and we've seen uptake. what is interesting is the jet program has multiple steps involved in it and what we didn't anticipate was any meaningful revenue in the second quarter. it's a significant amount of trial product for these accounts to gain experience with the product. despite the quarter, we saw revenue come in early from accounts that completed the jet program. they got through the program, that's where the majority came which is early strong sign. >> i know there was promotion but apparently in your surveys, 22% say they wouldn't -- 22% say
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they will switch back but no plastic surgery that means 78 -- they are done with botox. >> yeah, so we had over 20,000 patient surveys that came back what was most interesting is the market is a fast-growing category, a quarter of the patients had never been treated with a toxin prior the remaining three quarters switched over from existing neuro toxins one of the key questions would doctors be willing to try it given other competitors have been in the space for a decade and would consumers be willing to switch? over 20,000 patients in survey data suggest there is an ap title for a product with the compelling value proposition. >> it doesn't hurt about this head-to-he head-to-head phase free trial. >> this company was designed from the outset to compete against the market leader. we're differentiated not just the science and clinical data but digital platform that is part of why we're able to get to
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5,000 accounts, 90% of our transactions went through a digital application. that means accounts are not calling customer service to order, they are ordering product directly from us and this is a customer centric market. 80% of the sales force has experience and 140 reps around the docountry. >> 190 million social media impressions. >> it's incredible our push on the social media side was the focus initially it helps surround the digital platform what we've seen are thousands of accounts around the country taking our social media content and pushing that out to their patients it's driving an incredible level of interest. >> talk to me about what people are saying, jim, don't get carried away they gave it away and that will end. once it stops giving it away, they will lose customers >> sure, there is always going to be skeptics in any market what is unique about the market is doctors wouldn't be interested in taking on a new technology unless they believed
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it had the to potential to be sticky in the office we see them continuing on through the different faces of jet which continues to show they are seeing great results f. you look at physician satisfaction, over 80% across the board of the doctors using the product and similar trends on the consumer side we believe that trend carries on the stickiness, which is observed by the doctors. they are the ones that represented the majority of the revenue in the second quarter. we'll watch that trend through the third quarter. >> what i thought was great you go to the website and it shows all the doctors that use it in your area. it's a gigantic list. >> it's incredible this market hasn't seen a new product in over a decade and this product in particular because of what i talked about earlier is creating a lot of noise. i launched many products -- >> and you know botox very well. >> i have yet to see the noise level around this category at the level that it's at today and i think it's an exciting time to be in the space. it's a fast-growing market and
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we're pleased to see the early adoption, of course, you want to see the future quarters but pleased with the early uptake. >> talk to me about the people that never used it i thought it was incredible, it has to be millennials that are worried how they look in social media. >> one of ten consumers that get treated are in the office today. nine of ten are thinking about coming in the next two years that's where the real opportunity for growth sits. that's why we powered it with a single digital platform and focused on doctors first the injector and how we portray them is the first step and we believe we can help expand the market that 25% number of naive patients that have never been treated before is an important figure we contributed to the growth. >> one last question, there are other companies besides botox but the projections say everybody else will be past all the other guy. you'll be number two by this time next year, possible >> we believe within 24 months
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we can achieve the number two position in this category. we're investing to drive to that place and the early launch results demonstrate we're well on track to do that. >> incredible launch really you did more you said you'd do something and you did far better than that, more than double and that's incredible that's david, the president and ceo of evolus. it's speculative but winning "mad money" is back after the break. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity
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oh, happy day. that's right american greed is back tonight's season premiere is the college cheating scandal of all time parents paying up big bucks to get pampered kids into top schools and the investigation is not over do not miss it hey, changing the guard tonight. i like yum just as much. a good place to be there is always a bull market somewhere, i promise to find it here 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," convicted stockbroker jordan belfort, aka "the wolf of wall street." >> he is funny. he is colorful. he can be charming, as long as you stay ten feet away with your wallet in your back pocket. >> i had a gift, to get up before the crowd and sell and manipulate. and i could have used it for good, or i could have used it for evil. i used it for evil. >> narrator: when hollywood turns his life of sex, drugs, and crime into a blockbuster, his victims feel cheated again. >> too many people walk out of a movie and think they have seen the story, and it leaves out significant parts of the story, not the least of which is 1,500 people that lost real money.
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