tv Mad Money CNBC October 18, 2019 6:00pm-7:00pm EDT
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>> a very busy and interesting week that does it for us here on "options action. you can catch us back next friday at 5:30 in the meantime do not go anywhere is right around the corner "mad money" starts 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 cramer. i'm just trying to make you some money. my job is not just to entertain, but to educate you and teach you. next week will be filled with lots more days like today? the dow lost 26 points and
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nasdaq sank. we keep getting hammered by in sesant woes and worries about the economy even as we give a pass to the companies that indicator to the strong cumer, or just putting this out there, will we come to a realization that without some sort of trade deal with china, or at least mexico and canada, that this market is going to be headed lower, no matter what? i fear it will actually be the latter, because the strength in the stock market earlier this wee week was so broad, that the less lift you get from nabaf? nabaf only works when stocks are going down like the bank stocks were going into this week. if they've already run, nabaf doesn't offer much protection. they'll need to deliver better than expected numbers and that's hard for companies to do in this
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environment. with that in mind, let me walk you through the game plan for next week. this is cramer's game plan, it's the only game plan that matters. halliburton reports early monday morning. we call this one hal, and i'm not a huge fan of the fos ill fuel soctocks, but i recognize that halliburton is a well-run company. hal's biggest competitor is slb. even though its stock has been in the dog house, on this great quarter what happened? it only rallied a little more than 1%. that's hardly any lift and slob, as we call it a wall street has a 6% yield. that's not encouraging i'm going to listen in on ameritrade maybe we'll get a sense of what
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this new era of zero commissions means. i want to know what their other revenue streams look like. ameritrade has become among the riskier brokerage stocks out there because they're more dependent on commissions let's see what they have to say. the stock has come down so much that some say it's a bargain if i were a ceo, never in a million years would i bother to report on tuesday the 22nd, because there's no time to stop, look and listen to these companies that strut their stuff. i can't even touch all the important ones here. this is a cursory look at what i think matters. first procter & gamble, i think it's going to be a fine quarter. i think they rotate back now that the international industrials are reporting. they're starting to sound the tariff alarm they should come back into vogue. i feel good about proctor's
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prospects. i feel the same way about mcdonald's and i also like kimberly clark both have chronically been undervalued. mcdonald's is under way too much pressure that said, you know what's better than both of those? young, that's the one to watch same, by the way, honeywell. earlier this week, united tech is merging with raytheon, but i met the elevator parts and climate controls can win even without a china deal after the close we hear from not value, but a great company, which is chipolte. the shock is up 100% this year i expect to hear good things about their delivery and their new carne asada.
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i told them i wanted that on the menu, but i ordered it through one of those door dash things. on wednesday morning, boeing reports -- today we learned some incriminating text messages from an employee who allegedly indicated knowledge of real problems with the system that went haywire on the flights that crashed killing all aboard when that news came out, this stock got hammered it's down nearly 7%. the story is horrifying. now, this is "mad money" and i'm not trying to make -- just trying to make any sort of e equivalence with what happened to boeing in the jets, but this thing is going to get resolved and i felt like today may have been one of the lower moments. you've got to start thinking about what's going to happen when this plane gets off the
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ground i know this is a contrary view to what everyone is thinking, but you have to think like that if you're going to make good money on wall street by the way, if you really want to show the white house you're serious about making a deal, what you shouldn't do is buy soybeans, you should buy boeing planes when a stock holds up after getting rid with a downgrade -- and today we had two of them, caterpillar and waste management the former barely budged, the latter ended up rallying what does this tell us let's think about this typically i say it means the stock is ready to roar i think that can absolutely happen with waste management caterpillar, tougher call. i'm telling you, it could go lower, meaning it will probably go lower will it goes hire that said, cat stocks got a 3% yield. if we get any of these trade deals that are being floated, including the ones that my old pal larry kudlow, who is now the
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chief economic adviser to the president, said is going to happen, maybe as soon as before thanksgiving then there's thermo fisher i want you to look no further than the bioscience equipment maker that is thermo fish f. they've got hardly any economic sensitivity. mr. casper, come back, will you? come on. after the close, we hear from microsoft. unfortunately, this stock has become such a market dar liling that it needs a smashing quarter and gaming and linkedin and az y -- azura and i think microsoft is going to do just that anyway, pay pal reports, too last quarter we got a shade down in the earnings. it hit the stock could happen again
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but you've made money. i say wait and see there used to be nothing more psychedelic than a tesla conference call. i used to play the doors "the end", actually play it while i listened to the call but these days they can't talk about the company's prospects the way they used to the stocks, without the elon musk that we miss so much making gigantic claims of profitability and lots of cars, maybe the stock does a whole lot of nothing. now, we know the cloud kings are under pressure more on that later what matters right now is that service now is down 60 points from its high, 303 to 243. it's set up for a not as bad as feared number.
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how about danahurt it's another good trade. or better yet, let's just make that one an investment after the close, amazon reports. we own it for the long haul and we'll stick with it regardless of this particular quarter amazon has two modes, spend and harvest. you want to buy it when it's in spend mode, which means you buy it now finally on friday we get two stocks that have managed to buck down vf hit an all-time high today. it's a shoe brand founded on a culture culture of learning. if either of these stocks gets hit, they've got a good beer business bottom line, next week is a tough week to gauge. too many companies, too many
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variables. it might just be worth it to sit on your hands throughout the week, no buys, unless we see something truly game-changing from china otherwise, at this point you should simply try to stop, look and listen and get no sleep whatsoever because there's just way too much homework to do. betsy in virginia. >> hi, jim i'm a long-time viewer and a first-time caller and my question is about intuitive surgical, which rose sharply after the earnings report came out yesterday. i've been buying at different places for the hong haul, should i continue to hold >> i love the quarter. it reminded me of the old days i did a fundraiser whand i'm a complete believer. there's a lot happening next week
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it made me work just getting through it without making any sort of wild moves "mad money" tonight, after today's losses, wondering if the smooth better than expected earnings are enough to keep this market afloat. i'm breaking down the action and telling whau to hit. then it's a busy week for earnings we're going to talk about what's going to be the most important sector the fins, but not the dolphins i'm giving you a full breakdown of what we learned and a difficult week for the cloud kings. i'm wondering if we can turn any time soon. i'm checking the forecast. stay with cramer >> announcer: don't miss a second of "mad money." follow at jim cramer on twitter. have a question? tweet cramer, hashtag mad tweets send jim an email to mad money at cnbc.com or give us a call. miss something
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johnson & johnson and boeing played right into the hands of the bad news bears and their weakness crushed the dow jones average. you know what? the action made sense. the action made sense because the news was very, very bad. found out that a top executive at boeing allegedly knew the 737 max was unsafe and lied about it to the faa it sounds criminal to me as for j&j, you recall talcom powder i don't know what to say because the company is not saying much what i do know is that management gave us multiple assurances thb kind of thing couldn't happen. frankly, i'm stunned i thought it would be down $10 in the news when it came down.
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it closed at $8.47 better than expected i'll ask, we owned j&j, the stock had just gotten out of a terrible funk thanks to a fantastic quarter. there's a chance that the batch of talc may have been contaminated by another source and frankly, that's the only reason i'm not telling you to dump the stock right now at this point the bears are going to say johnson & johnson are a losing law firm. many people are going to say guilty as charged. is there a level where j&j becomes safe to buy? no, not only we hear from reuters and "the new york times. both of which wrote highly critical pieces about how the company handled these issues in the past the stock was in the 140s when
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they wrote them. i bet you "the new york times" savage j&j these two stocks cast a poll over today's trading we know that one day boeing will get the disreputable plane in the air again. i suspect wall street won't pay as much for the stock wasn't the situation is fixed i back management endlessly. this new recall, i'm saying maybe it is just too much to me. unless the asbestos has been improperly placed into the talc and it's an isolated incident. maybe the evidence is wrong. i've often thought that j&j is the best company in america. i mean, i'm discouraged. i would love to see the cer, who i think is fantastic, done such a good job managing the drug and device side of the equation,
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explain to us all the ways this asbestos taint could have happened despite his assurances to the contrary. it's suboptimal and disspiriting i'm a human being. i feel awful that i said all these good things. but let's get onto something that i can fathom a little better let's talk about faang that's my extended acronym lately i've been understothinkit the composition. facebook remains an undervalued stock. i thought mark zuckerberg quoted himself well when he talked about the rules for tick tock that were written by the chinese communist party. the only way is if he gets his way that he's talked about this weekend and have it broken into three different companies. apple is the market's north
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star managed to rally today and i think this moves about more than just a trade deal in china apple is going strong because the incredible worldwide popularity of the new iphone 11. as a satisfied customer, i can tell you that the three camera, it is wonderful. i took pictures of my wife in the middle of the night in the dark i was going to post them on twitter. they came out perfect. for the last 200 points i've been telling you to own apple, don't trade it why stop now good graphic this is remarkable amazon posts next weekend and i'm concerned about its spending habits rather, i'm concerned that wall street will be concerned about its spending habits because amazon is spending in spades because it likes to grow it does need to control it's expenditures at some point
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senator elizabeth warren, the front-runner for the democratic nomination, she wants to separate amazon web services from amazon. that would be disastrous for shareholders then there's goggle. alphabet has the same elizabeth warren woes but i think the stock would benefit into a breakup, which things me to the elephant in the room it brings me to netflix. yeah, netflix. the stock got hammered today, just as i told you it would be last night i said it didn't like that quarter at all and people were wrong to buy it. when netflix reported two nights ago, they missed on almost every key metric i think it's got more downside i think the stock has lost its mojo i say we replace it with microsoft. but if we do that, we've got
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some difficult choices to make i need a new acronym give me your suggestions by going onto twitter and typing in at jim cramer and giving me your new acronym. all of that said, i think today could have been worse. a lot of this came down to issues that are very company-specific there's nothing to extrapolate from boeing and j&j other than sadness and confusion. i like the way coca-cola held up stellar quarter. on the other hand, i hated the action in the retail etfs, which had the worst day in a couple of weeks. macy's got clubbed by an analyst support. the research made it feel like the dividend isn't as safe as the marathon man visiting the dentist. the bottom line, we have to hope that larry kudlow was right
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yesterday when he told me that we're going to get some relief real soon. high-level officials talking it out about china. without movement from china, you can expect more miserable sessions like this one, including still lower prices for johnson amp johnson, boeing, both deserve it, sand yes, faang reject, netflix. you stay with cramer make fitness routine with pure protein.
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technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >> now that we've made it through the first week of earnings season, it's time to go over what we've actually learned. we've got a bank earnings blitz with all the major financial institutions reporting and they collectively painted not as bad as feared. to me that's very encouraging, which is why i want to make them one by one
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i want to spend some time on these because this is the best acting group in the market right now. if you have a long history in the stock market, you know that this should have been an awful quarter for the banks. think about it we've got the inverted yield curve. let me just walk you through it. we're long-term interest rates are lower than short-term rates in many cases. these rates control the net interest market and the difference between what they make on your money and what they pay you for it that's where all the money is supposed to be made. you would expect the yield curve would have annihilated that number people were so scared. it didn't occur. 10, 15 years ago, the situation would have been real ugly. i used to trade them pretty aggressively and own a bunch of some of the smaller banks. these banks have aggressively diversified. they've been pushing more and more fee-based businesses.
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why? because fees stick with you in good times as well as bad. i used an atm and it costs me like $7. you don't even look anymore, confirm, confirm look at jpmorgan with a fortress balance sheet. these guys put on a master class in how to deliver even in a supposedly tough environment jpmorgan delivered a substantial top and bottom line. net interest income was actually up 2%, thanks to an influx of cheap deposits butit's the noninterest revenu that's the real standout here, up 14% thanks to strength and fixed income, home lending and even auto lending jpmorgan's consumer business is humming with double digit credit card volume and profits. when the fed cut rates, it
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helped i heard some people talking this morning. it was driving me crazy. would a fed rate cut really matter did they read jpmorgan's numbers? holy cow they're just racking up fees left and right commercial bank and asset management divisions were both effectively flat but wait a second, it's not as bad a result when you consider where we are in the business cycle. obviously there's some weakness in the business cycle. will you look at this? isn't this beautiful the stock only jumped 3% on the news i like it even more after this run. not only is jpmorgan best of breed, even after that, it sells at 12 times next year's earning estimates. that is ludicrously cheap. i did a club call this weekend and i said you know what, this
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is the one it can do that it really can. it can break out to the upside after jpmorgan reported, it's so tough, so tough to go after them, but that's when citi group reported and it posted a nice top and bottom line. it was the kind of result we've now come to expect with modest revenue group, in-line costs partially fueled by the company's monster buy backs. while citi's came in less than expected, they made up for it with the branded card. the numbers were up 11%. citi stock is so much cheaper and it's already given back all its post quarter gains right here the thing trades at 8 times. citi is a $69 and change stock $69 tangible book value here i know you're not going to
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liquidate the whole company, but that's the cash they have. citi group is a buy whenever stock drops below the book value. in other words, when it comes down another buck from here, you can pass remember, the company is going to be pouncing with you because it's so adamant for earnings if they can buy it below book wells fargo reported on tuesday. wells is complicated black sleep of the banking industry revenue beat, sizable earnings missed they have to spend fortunes on personnel. this was a noisy quarter the miss wasn't as bad as it looked still, the interest margin got hammered it was down 28 basis points. that's terrible. it went to 2.6%. the interest declined by mid to low single digits next year. nobody minded the negatives. why? because late last month this
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company got a new ceo. he crushed it at visa. he takes over next week. charlie is going to come in and turn things around after this messy quarter, i think he might have his work cut out for him and it's not going to be able to be done instantly. in the meantime, it's 4.1% yield. it is cheap. but you know what? it's hard for me to get behind it, because citi grurp oup is cheaper and putting up better numbers. i won't stay this negative after he has a couple of months under his belt last but not least, on wednesday morning we heard from bank of america. it gave in-line revenue and slightly better than expected earnings i've long been a fan of what the ceo has been doing here. i call this a tech company masquerading as a bank
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they're taking a dominant position in digital lending, which is not just for millennials anymore. i bank with this you have to swipe up it's like match, well, not really 30 million digital bank users, 29 mobile bank users, they're getting tons of business from the web, and 40% of the mortgage applications now come from this digital swipe left and you get -- now, meanwhile, their net interest margin came in at 2.41%. that's down 4 basis points they did a good job of controlling expenses, but not just how great the numbers were, but for his charity work, which is just awesome. and he can't talk about it and won't talk about it because he is way too humble, but i'll way
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it's amazing the stocks run from 27 last week to over 30 at this point it sells for ten times earnings as much as i like bank of america, and they are terrific, jpmorgan may be a better buy right here citi is the better value play. i think can stock can thrive in an environment while the big money center banks face some real head winds, they all do it with the exception of the whipping boy wells fargo remember when they couldn't miss as long as the consumer stays strong, these companies are in terrific shape keep paying up for jpmorgan, bank of america, citi bank as for wells, why don't we wait and see. i'm not adopting a star kift thing here, but we've got to see what charlie can do. i might have to change my mind
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and tell you to buy this one in one of the uglier days of the year, this group excelled. that's why we're not done. we're going to delve into this group deeper when they come back after the break. let me swipe right and get a home equity -- no, i've got the wrong system stick with cramer. 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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>> let's talk about the best group in the market. the financials they're arguably the most important section in the market. you better pay attention we already heard about jpmorgan, we looked at citi group and wells fargo, bank of america there's a difference between what they pay you for your deposits and what they charge you. when they're all being weighed down by an inverted yield curve, three of them were able to deliver better than expected numbers. these companies are very well run. but a lot of it comes down to the strength of the consumer the great undercurrent that is
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keeping me from turning too bearish, unlike most people. what about the other gigantic financials that reported goldman sachs where i worked and morgan stanley, or american express. let me walk you through them we're doing this because when we look at what's working in the market, it's a financials. so you need to know them first, goldman reported on tuesday morning. they had a tiny earnings miss. the headline numbers were unremarkable and the stock barely budged. but goldman stock has been dead money for more than two years now. the bank has been plagued by p reputational issues. david solomon took over as ceo i liked the interview with frost the other day. david faber didn't wear a tie, he wore a tie for my morning show -- let's get back on point.
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every time the stock has gotten near momentum, it comes right back down. so the sad truth is that going into the quarter the expectations for goldman sachs were pretty low. we own this one and it's been a little pathetic. we were hoping for some solid numbers for the new lines of business like the apple card and marcus, which is their consumer business that's not quite what we have. i have the apple card and it's not like the visa so get that out of your heads. goldman's business was down 22% because we haven't had as many mergers. they had a decline in underwriting the investing and lending business was rough trading was good, though fixed income currency and commodities were up. investment management was up, up 5% versus last quarter someone stopped me on the street and said i like the fact that
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you give us a lot of information. so all told, i think goldman delivered some solid numbers in a less than stellar environment. maybe that's what we wanted. that said, david solomon told us some great things about the apple credit card. and what it's doing for the consumer business. as he put it, our competitive advantage is that we have no legacy branch or technology infrastructure avoiding channel conflicts yet we are backed with a sizable balance sheet and a well recognized brand which is needed for successful disruption. that is a terrific pitch plus he described the apple card as the most successful credit card launch ever independently i can confirm that people in the industry are saying exact same thing. remember, they didn't have someone that said listen, i want to get a deal for the consumer, you've got to charge 11% and we've already been charging 13
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for someone. he actually had the channel of having, this is real, channel conflicts. it really did make a difference. goldman has been spending a fortune, but the investment should start tapering off next year and that will bolster their profitability. throw in an aggressive buyback and you've got a stock that's cheap. cheapest in the whole group other than citi. even better, goldman, like citi group, is a stock that trades through its tangible book value, around 205, 206. again, if they liquidated the whole business tomorrow, that's what you get it's an attractive value play. but i've been saying that for ages still you've got a powerful floor support right above where it's paying. this could be the strategy update in january. i'm liking this stock, but again, i plead guilty, i've
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liked it for a long time and i liked working there. frankly. how about morgan stanley for the past year they've been churning out steady results. yesterday they delivered a solid top and bottom line beat, healthy sales and earnings growth, core investment bank came in better than expected, sales and trading revenues up 10%. that's great they're making a killing in bonds. real highlight, though, and what makes me think that this stock is so buyable here, is this investment management business up 17% these guys have a terrific wealth management franchise. maybe now they're the premier one in the whole industry. morgan stanley is arguing they're recession proof, it has less reliens on interest rates and it's asset management fr franchise gives the company a stickier revenue extreme
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on top of that, 8.5, 3.2% yield. it's a bargain, a $43 stock. i can't believe how cheap these stocks are and everyone keeps talking about how expensive the market is. when it comes to the investment banks, i would rather own goldman because all of the investment credit cards and consumer banking, i think it's putting in more work to breed new life into the business i have to believe the malaysian issue is going to be solved in 2020 finally, what about american express? don't leave home without it, american express, what a core franchise, so fabulous after seeing -- when i saw the numbers come up, i thought they were fabulous. so many of the banks praise their credit card divisions. and it looked good to me, a solid top and bottom line beat but the market didn't like it.
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what did they see that i didn't with the stock being down 2% what was the fly in the ointment i think it was you had too high expectations the stock did run up $25 for the year going into the quarter, better than all the banks i've been talking about it's viewed has a financial technology stock, even though it's the one credit card company with genuine risk, these guys actually make loans. when the banks were out of style, the waut street fashion, the investors piled into all things that's a classic head and shoulders. so they have less room for error. sales were way down by weakness and large commercial spend volume, major deceleration from up 5% last quarter meanwhile, long growth also dropped from 11 to 9%. subpoena optimal but generally the quarter was
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pretty darn good they gave you commercial spending and low growth figure am ex is the last thing you want to own if you believe we're really headed into a recession it didn't help that their spences seemed to be ridesing. i view this weakness as a buying opportunity. american express is selling at 13 times earnings, that's a bargain when you consider it's got high revenue growth and a lot less interest risk than your typical bank the bottom line, when it comes to the rest of the financials, it is gs, goldman sachs, and i prefer it to morgan stanley. i wouldn't bet against either, though as for american express, today's pullback, i'm calling it a gift. "mad money" is back after the break.
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the lightning round is over. are you ready? i'm going to start with scott in pennsylvania scott? >> caller: ring central. >> we happen to like ring central very much but we also understand this is not the market for the ring scentrals mark in florida, mark? >> caller: hi, jim, cypress semiconductor. >> that one is already in. how about keith in michigan? >> caller: i'm calling about a bio med, mbad. >> it was one of the best performing stocks in the last couple of years and it just collapsed. i don't get it if they came on, maybe we would get a better line. we've got sherman in california.
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>> caller: first time, long time thank you, mr. cramer for teaching us to be smart, independent investors. with a lock-up expiration on beyond, should i sell or hold? q.i like them so much but that's not enough. the stock is very overvalued versus all the competitors that are coming in. you have to sell beyond. we'll get to a level that's right. let me go to mark in virginia. >> >> caller:. hey, jim my stock is texas instruments. >> oh, nice piece. do you mind if i wait to see the number lightning round. >> announcer: the lightning round is sponsored by tg ameritrade ent tennis player. bye-bye. i recognize that voice. annie? yeah! she helped me find the right bonds for my income strategy.
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you're very popular around here. there's a birthday going on. karl! he took care of my 401k rollover. wow, you call a lot. yeah, well it's my money we're talking about here. joining us for karaoke later? ah, i'd love to, but people get really emotional when i sing. help from a team that will exceed your expectations. ♪ in the human brain, billions of nefor people with parkinson's, some neurons change their tune, causing uncontrollable tremors.
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it's been a brutal week for the cloud kings. the worst in recent memory we've been conditioned to read these softwares that the stocks are mostly immune to the arrows. we assume there are clients who keep migrating up to migrate to the cheaper, faster, better cloud. now we're hearing chatter that the growth sector is starting to come to an end the ceo kneel bush said we're
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definitely seeing some delays when it comes to the human capital business delays are the last thing you've want to see when you have a stock that's selling for 100 times earnings so even though workday stock had fallen from its highs to 181 right before the meeting, the stock plummeted another 20 points and since een it's fallen another $5 workday did a great job of spreading around the pain. they told us they want to get into the german business no wonder cooper has been clobrd the analysts who cover the stock hinted in various ways that it must be because their core human software business is slowing, so they must enter a new vertical that tends to terrify investors.
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then citi downgraded adobe they actually just downgraded it it slashed service now from a buy to a hold. adobe had already fallen, but it lost another 14 points since the downgrade. service now, sunk from 303 to 274. what was citi's reasoning for the downgrade sn they think the business may have weaker prospects. as for morgan stanley, they condemned them as too expensive, given that the company needs to boost it's r&d spending to stay ahead of the pack. these were devastating service now reports next week. maybe it can rebut the presumption. final blow, somehow some
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questioned how he could spend time doing business and promoting his new book "trailblazer" and others didn't like what he had to say about regulation he called for facebook to be broken up. now, at first i didn't think any of this stuff matters. it seemed too petty. but even these minor things took a tool and because he's one of the people who pioneered the concept, anything negative about him tends to tarnish the whole industry, as stupid as that is the cloud stocks, it does not help one bit that there is aggressive insider selling in many of these stocks can tech advance without the cloud sn it would be tough two key markets for the software
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is a service base and they were hurt by brexit or whatever plus there's been a break in new ipos, but once the deals start flowing back, heavy millstone. so what could turn it around, i think your best bet is adobe if ceo raises his growth forecast, it could ignite the entire sector, which i believe is now heavily shorted barring that, at some point bargain hunters will start coming into the group. these stocks are hardly bargains when it comes to price to earnings or price to sales this sell-off feels different to me i think it's a signal the economies are more economically sensitive than we thought and they may be out of their long runways. so the priced earnings multiples need to come down. maybe we're in the third inning or fourth inning
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yet the cloud has lost its luster you can still own one in case we get some kind of bounce. but other than that, these stocks are becoming a bit on the untouchable stock until we get something genuinely positive and who knows who that will happen stick with cramer. i am totally blind. and non-24 can throw my days and nights out of sync, keeping me from the things i love to do. talk to your doctor, and call 844-214-2424.
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osteo bi-flex - now in triple strength plus magnesium. >> did we give up on the cloud stocks today was really overshadowed. the cloud stocks are rotting underneath i say give them some time. it's going to be the adobe november analyst meeting that we're going tokey on and service now's numbers next week in order to see if we can get a reversal because the stocks are down incredibly low. i'm jim cramer and i will see you monday
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>> welcome to the shark tank, where entrepreneurs seeking an 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." ♪ who believes his business could be the next big thing in fashion. ♪ my name is craig french from long island, new york. my partner deniz and i came up with a clothing company called crooked jaw. i came up with the name after breaking my jaw playing college lacrosse. we started off just producing a couple of t-shirts,
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