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tv   Mad Money  CNBC  February 5, 2020 6:00pm-7:00pm EST

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use stocks 33 stop and also with calls stop the. >> you know it did perform, tyler, you did, stud. >> nice. >> oh. >> so did united health. unh. >> thanks for watching fms cramer right 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 some money. my job isn't just to entertain but to educate and teach you so call me at 1-800-743-cnbc. or tweet me @jimcramer. raising numbers usa moving america from buy to strong buy i mean that's what i kept thinking as i watched last
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night's state of the union the first half sounded like a brokerage firm's buy opinion, not on a stock but on a country. you want to know why we roared higher, i think that last night's speech was a big part of it over and over again trump kept coming back to the economy. >> he continues. consumer confidence reached amazing highs. all those millions and pensions are doing far better than they've ever done before with increases of 60, 70, 80, 90% and more he's not wrong if you own stocks this presidency has been great for your portfolio that said, i think the democratic response was equally
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cogent as gretchen witten put it, doesn't matter what the president says about it. what matters is millions struggle to get by or don't have enough money at the end of the money after paying for transportation, student loans or prescription drugs despite the phenomenal labor market, whitmer is right this has been a problem for decades. this show isn't about politics it's "mad money. i'm not here to tell you how you should run america but i want you to help your portfolio whether you love him or hate him, there's no denying that president trump cares about the stock market like we do last night it sounded like he was pounding the table telling you to buy the stock of the united states of america because it pays nice dividends those can help get him re-elected the economy stays this strong i think that's very likely every year i listen to the state of the union, any initiative that might lose some stocks, get
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some buying tips about oil, drugs, military, this one had all those and they were posed in such a way that really did make you want to buy stocks in america which corresponds to the s&p 500. let's go a step further. the two parties are pushing in opposite directions and the president believes in free enterprise, a solution for everything unfettered many of the democrats think rapacious capitalism is the problem not the solution all want more regulation with senator warren pushing for something closer to social democracy. sure, the iowa caucus fiasco hurt the democrats but mayor pete seems to have won seems to that says it all and pete's the status quo candidate and doesn't want to ruin the insurance stocks by rolling out medicare for all or break up the banks. they looked like they were overweighting the wealthy and democrats, what were they doing? putting a strong sell. >> sell, sell, sell. sell, sell, sell
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>> oh, no. aagh. >> don't buy. >> the house of pain. >> if mayor pete is a serious contender the 2020 election might not be about class war and you know why, that is bullish. another reasoning why we went higher and in a buttigieg versus trump race we'll have two candidates another reason the market went higher get this, with standards it would be a different contest to be fair these days many don't own stocks or even have pensions of course, buttigieg isn't the only thing that caused the market to spike. many rallied because of opec cutting production that takes up the industrials because higher oil as you know and i've tried to teach this endlessly to you means to the traders that the economy is getting stronger, hence, the dow which is filled with industrials. while i accept fossil fuels as a bridge i think their stocks remain poor investments and getting another chance to go now, there was nothing new and terrible about the coronavirus
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and we even got a note saying there might be a/down in the spread of the disease. i found that to be expecting more fantasy than fact it was out there stock futures were down looking down very big after ten people on a carnival cruise tested positive for the coronavirus and the ship had to be quarantined at 3:30 a.m. we got news unsubstantiated on a breakthrough of a uk drug company while learning more about economic stimulus, lower tax, come in every night and do this if they're thought buying stuff they want to keep the balls in the air i hope they can keep them there for our sake i wish they spent more money on health care. politics emergeing with the stock market in a way i haven't seen in my lifetime. normally the parties are more in sync i look at stocks as creatures of what management does unlike the president i like to see what secretary they're in. how generous dividends are
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the fed is on our side, huge the president matters but the elixir for higher stock prices is low inflation and strong job creation and only the last one has anything to do with the white house. intertwining of fortunes allows investors to overlook concerns that would have been paramount here you don't see anything that would stand in the way of the rich getting richer. you don't see anything that would upset the existing health care system even as trump is calling for transparency you don't see anything that calls for higher taxes, robin hood tile to fund more generous social programs. however you might feel point policies wall street losses laissez-faire capitalists and they nominate buttigieg we'll stay pretty laissez-faire reg d regardless of whether he wins in november president trump allows industries to feel safe. industries like banking, like health care, oil, gas, pharmaceuticals. when they feel safe they have an easier time. for better or worse he doubled
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down on government by for and of the stock market i don't know if that's the right political philosophy, i didn't take those classes but a great philosophy for your portfolio. it's a fabulous time for sha shareholde shareholders we know it because he touts strong economy because trump touts economic gains and despite the raging coronavirus, the struggles of brick and mortar retailers, student debt, people who are struggling with the rising cost of living typically can't afford to own stocks but if the shareholder class can sure afford to keep buying via the s&p 500 you'll see a lot more days like today let's speak to aidan in new hampshire. aidan. >> caller: boo-yah, jim, thanks for taking the call. >> all right what's up? >> caller: i got a question about paypal a couple of days ago bounced off record highs, earnings came out last week, revenue increased year over year by 17% and
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acquired honey my question is, at these levels am i taking profits? >> no, it'll grow. it's ahead of itself this is dan schulman every time it's gotten ahead of itself it pulls back but less than it went ahead we can try to trade it that's too hard a game my faith is in schulman. i think paypal ultimately goes higher rich in california rich >> caller: yeah, jim, thank you so much for taking my call i've got alibaba just wondering what -- how your view is on the short term and long term. >> it's the only chinese stock that i like before this incident, this coronavirus and it's the only one i like now and want to be very careful. i do not like any other chinese stock. so you can call about the neo and the j.d. and the bidue and i'll keep saying no. chuck in arizona, chuck.
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>> caller: greetings, super bowl champ cramer i'm a two time listener but three time caller. you had a bullish call on daneher. i got in at $165 you said you sold your position too soon they had a positive earnings beat and it retreated $7 from the $169 high that it achieved and now that's basing alt 163, 164. do you see it powering back to the 170 level? >> i think you can go up close that deal with ge. now the stock had a big run. i regret, of course, my travel trust reget some stocks that could be owned and some could be sold you'll have a bigger gain. i salute the fact you've ridden it through i would pull the trigger and buy
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some this ain't mad politics. it's "mad money" and it's about time for shareholders and they're just not motivated to sell on "mad money" tonight as coronavirus fears continue, can clorox help protect your portfolio and of course your health i'm talking to the ceo fresh off earnings a red hot stock and tesla lost some of its electricity? can they turn the stock around i'm going to talk to the ceo stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com.
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this week what die feel comfortable recommending i'm waiting for the other shoe to drop of the coronavirus i want to stock up on clorox they make everything that flies off the shelves in the event of a true pandemic. i've loved it for awhile and started buying it for the charitable trust in november after hearing from ceo benno dorer and up more than 10% on the position what happened? yesterday clorox reported a strong quarter, 15 cents earnings beat and investors love the numbers and it surged 5% tacking on another 1% today. let's check in with benno dorer, the bankable chairman and ceo of clorox to get a better read on the quarter. welcome back to "mad money." >> thank you, jim. good to be with you again. >> benno, let's talk about the only medicine, only prospect only liquid anything, the only thing that kills this which is clorox tell us how that can help us >> first of all, you know, it's good to be here and talk about
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coronavirus. i will say up front that the consumer has a lot of choices. we do have products that can make a difference according to the epa and help combat the virus including disinfecting bleach, disinfecting wipes and disinfecting sprays. we're not seeing an impact on sales just yet but what we are focused on is educating consumers on the proper use on ways to prevent and getting ready to have products in place by building inventory should consumers, customers and communities need it. >> i know you monitor social media. are you seeing areas where there could be a shortage? >> inners terms of inventory, . this is a rapidly evolving situation and we don't know where it's going what i can tell you is that we're leaning into inventory to be ready just in case. we have -- we are known to be more agile in terms of ability to build inventory and we're going to be ready to do that but
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like i said it's hard right now to speculate where this will go because it's so rapidly evolvin but at this point we're not seeing any inventory risk at all. >> but the gross margins on those products are very good if you do get them, right >> these are profitable products for us, four sure. some of them are margin creative to our company so it would certainly add meaningful value to our investors, the top line and the bottom line, said that though what we will never do is try to benefit from fears or concerns that consumers have. we're here to serve the communities and we're taking the lead from our customers, communities, from nonprofit organizations which we have started to reach out with and importantly from health organizations like the epa and the world health organization. >> okay, excellent let's talk about this quarter. i think what people liked about it you've been able to wrench tremendous gross margins out of a top line that i know you would like to be better but you're
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also doing this reorganization under ignite that it will be are you able to get even more leverage going forward in terms of stronger sales and some of these divisions? >> yes, that's our plan. so we plan to be back to a solid sales growth that is in line with our ongoing algorithm the midpoint of our outlook foresees 3% in sales growth in the back half and we're seeing solid momentum q2 was an important proof point in progress. we saw an important sequential improvement to sales but also saw gross margin improvement, earnings improvement and saw a strong 11% cash flow growth for the year to date and feel like we're positioned well to excel in the back half and importantly we're investing behind that. we have announced that we will increase our investment in particular because we like the momentum behind our brands, specifically the innovation. we have a very robust innovation program in the back half and
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investing in it. >> i want to talk innovation driven by esg. you have been surveyed a lot of different executives i know that if i go to clorox i get a bonus for what i do to save the environment to make my footprint -- to make our company's footprint lower. what are innovations that have come from that. >> we do think that est and the work on sustainability is good for the planet and good for business and we have launched two major innovations the last few weeks that have a significant impact to the planets but also to our top and bottom line as we expect them the first is a compacted version of clorox liquid bleach. that's shown to have very strong margin improvement for us in the past and we're doing it again and we're significantly reducing the amount of plastic we use, water we use, logistics, the impact on logistics is significantly reduced. this is a great initiative all
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the way around the second one is our first ever compostable cleaning wipes can you compost them at home and that's off to a really nice start. in particular because it encourages people to use wipes without the guilt of using wipes because being able to compost them is a very meaningful addition to a benefit that a lot of consumers will enjoy. >> can you do something along those lines to innovate in the glad bag category? it seems like -- it's almost as if i don't want to see you to have to talk about that anymore. i want to talk about all these other things working i know the category can have growth i know the other company came public and you said in the conference call that's neither here nor there but what do have you in that category to make it so that it's not a problem >> yeah, first of all we're taking every competitor seriously. we thrive in competitive categories and the glad category is no exception for sure we want to reduce the amount of
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packaging materials and plastics and fibers in our products by 50% in the next ten years. that means we have to significantly move the needle in all of our categories and glad is one of them we have been at this since 2004 when we first launched a stronger trash bag that also consumes about 15% less in plastic and that's really the sweet spot of what consumers want they want products that are better for the environment but also better for them and show real performance so we're not new to sustainability in glad but we have a number of ideas in this category as well and you can expect to hear more from us over the next few years on sustainability based initiatives on glad. this is important. >> all right look, that's what we're looking for. we all hope you invent something that is biodegradable. maybe the big plastic companies could use your initiative. i want to thank you, benno dorer, the chairman and ceo of clorox it's red hot and deserves to be.
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"mad money" back after the break. coming up should investors kick the spurs on this stock or after earnings should you be giving it the boot cowboy up. cramer sits down with boot barn when "mad money" returns when we started our business
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so we finally found some natural sellers in the stock of tesla. the darn thing had to skyrocket to 9 $969 to get there. they came out of the woodwork and crushed the stock. yesterday's trading and then today and you can see it was a real pounding. down 17% this is simply what happens after the sellers let air out. the fact they're up 75% for the
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year tells you there's plenty of helium left. why do i think it has more upside you have to understand what happened to cause these moves. the stock like this, a good cheerleader can play a major role the biggest cheerleader is a money manager and his name is ron barron he owns 1.63 million shares. oh, ron is a very smart guy. right as rain on this one. he's been right for ages when informed speculators heard he would be coming on "squawk box" they knew he would tout tesla and ran ahead of his appearance and bought it hand over fist the day before on tuesday morning tesla began to levitate before the open and that's brokers delivering to the natural buyer. a normal buyer not trying to cover a short sale someone who is trying to establish an actual position then barron came on and predicted they would have a trillion dollar in revenue he knew what that would do to the stock. you may laugh at that kind of projection but you know what,
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the guy's got street cred. he's been right about tesla every step of the way and said he's not selling any of his shares if you didn't know he was going on "squawk" or that it rallied the day before you might have bought it on his say so. those buyers were very, very late by the afternoon after barron's appearance they were ready to ring the register. when they started blasting their bids they knocked the stock off its $900 pedestal selling real stock, not simply shorting it. it spooked the market. once it started coming down people borrowed money to buy the hottest stock in the universe. they were borrowing and levered and only wanted it because it was exploding higher not because musk is a genius they had to get out of dodge which brings to us today this cascade down was based on real sellers too although i think you had shorts coming back into the fray.
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once the stock broke, well, you know what, why not get back in there and blast it out maybe make some bucks. when there's no supply of natural sellers you have to find the shares to sell once natural sellers resurface it's safe to short again so they do the moment it peaked it was like bitcoin in that run-up to nearly 20,000 or tilray and took it from 109 to 300 in a couple of days tesla's swan dive has only just started. it's only just begun well, i don't know of course i think the stock could go lower it's been such a great performer but i think those comparisons are lewd crowd tilray became public around the same time and shorted way too soon and no supply currencies are only worth what people think they're worth cannabis isn't as big as the
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bulls expected teddy robb has a great business model. a unique technology company on wheels with incredible growth. their product uses less energy and produces fewer carbon emissions and consumers care about that they have a long wait list for their cars and don't need to advertise. product sells itself tesla is too much demand and not enough supply which is incredibly a high quality problem. ford is doing so terribly they had to close six plants in europe because they're losing money. musk built a new company it's something that happens to red hot stocks too every shorted but unlike so many others, tesla is too legit to quit i don't know when it will come back to $969 again maybe it will take a while because a parabolic move that is broken can take a long time to heal when it gets back i bet it keeps cli climbing mari lyn, you're up?
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>> caller: i watch your show quite often. my question is, oxi dental petroleum. i'm apprehensive about oil stocks in general. i'm retired. thank you. >> so looking at the twitter feed, just at the bottom cramer hates oil. i can't call these people morons because i swore to my daughter i wouldn't do that i disliked occi. there's momentum to the bounce people think there is a lot of short covering but have to tell you they gave a better deal to warren buffet on his preferred i would prefer you not to be in occif it goes to 49, 50, i would sell it. oh, shut up i'm sorry. jimmy doesn't say that stuff bill in illinois bill >> caller: boo-yah, jimmy chill.
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long time. >> what's up >> caller: thanks for helping us out every night. i've been following uber and lyft recently it seems like uber has bottomed out and making a run for it while lyft is trouble gaping traction. down around 4% is it time to back up the -- >> you don't want to back up the truck on lyft. i don't want to get wrong again. i think it's fine. i think uber if they got out of uber eats, especially after i saw the grub hup number which is not great you'd have a stock that went right to 45. this is a tough job. i'm going to make mistakes i made a mistake with lyft maybe i came too late to tesla but i come out here every night and try to sell the truth and if you got a problem with that, there's 560 other channels i know i've seen them all today's reversal in tesla is something that happens to shorted stocks i still think it's the real deal and i think over time it will
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heal and come back up. much more "mad money" ahead including my discussion with boot barn that got hammered today. is it time to say good-bye to them wondering how to stay healthy during the coronavirus outbreak and the flu season i'm talking to a company that is trying to change the way you visit the clinic and could make you money. do not miss my sit-down with teladoc and tonight's edition of "the lightning round." stay with cramer >> announcer: tomorrow kick off the trading day with "squawk on the street." live from post 9 at the nyse. >> yeah, i'm listening a mai am i don't need to look at you to li list. >> announcer: it all starts at 9:00 a.m. eastern.
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>> announcer: it was once in fashion but after an earnings miss has this stock been kicked back on its heels? the product is as tough as leather but are home gamer better off flying over boot barn >> while most of the market was higher what happened to boot barn a longtime cramer fave that
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sells apparel and footwear they were an oasis of positivity within the hideous landscape of specialty retail it was up 160%. first week of 2020 kept comply climbing but peaked before they announced positive data and last night it reported full year results and the wall street was not pleased with the stock stumbling $4 from 10%. what went wrong? not much pointing to pressure on the workwear business and some concerns about the weather plus their guidance suggests that margins could be flat or down slightly my view, the quarter has some issue, it doesn't just find it down 20% in less than a month. let's dig deeper with jim conroy to learn about its future. well contact bo "mad money." >> thank you very much thanks for having us on the show again. we appreciate it. >> so, jim, i got to give you a chance to talk about the reaction here because to me it seems like an overreaction although there were issues you called out on your own
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conference call that you think you can do better. >> sure, well, it's funny. it seems each time we have an earnings call we have a negative reaction initially and typically the stock claws its way back in this particular case there's been a lot of focus on the deceleration in the work apparel business and we've been trying to focus the investor on, look, this is a testament to the model that we can have one of our bigger businesses declining and the other businesses given the diversification of our product line are so strong they were comping a plus 5 so we're trying to turn it into a positive and really believe it shows the strength of the model. >> i have it that my -- i calculated math is at 73% of the business comped up almost 10% so if you can get workwear doing better you can get back to the numbers we're used to. >> that's right. we saw a nice acceleration between the third quarter and the fourth quarter and most of the western businesses, so boots
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and apparel, men's and women's the 10% is a little too high gian the math but with the accelerated nicely from q3 to 4 there was a little bit of a drag from the work apparel business and we do view that some of those things are transitory. i think business will come back to us. i think it'll continue to be a little weak as we finish up our fourth quarter, the work apparel business but i think once we get that our next fiscal year, fiscal 2021, which starts in just a couple of months, we'll start to wrap some easier compares and that business will probably get a little bit better. >> how about country, how is that doing >> well, it's kind of a new development in the overarching strategy to segment our consumer base and really what underlies all of the strategy around that from a marketing perspective is how do we continue to bring more and more consumers into the boot barn brand so we used to just be
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western, then we were western and work then we added fashion now we're trying to sub segment the western business into western and country and that is -- the goal there get a customer that maybe doesn't wear a cowboy hat but does wear a ball cap with a logo on it and boots and may not be riding a horse but maybe going to a country music concert. and if we can continue to bring more and more consumers into the brand we'll deliver more transactions to the store and continue to deliver strong comp. >> okay, so let's talk about suppliers here 40% from china, some of your wares. obviously china's problematic for almost every company what are you hearing from them and how confident are you things will be okay >> beer's pretty confident it will be okay in the medium term. we've had the confluence of the coronavirus and chinese new year and the chinese new year holiday
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got extended so we will like most companies bringing in products from china we'll see a little bit of a delay in shipments. we have a unique advantage in that given the fact that we turned our inventory slower than most traditional retailers, roughly twice a year, a little bit of a delay in the inbound side of our supply chain shouldn't impact the business and i think as we get into the month of february and march, i think that supply chain will catch up and shouldn't see any top line erosion. >> i deal with a lot of the oil companies and things are not good schlumberger laying off a lot of people you can drill and get as much oil with fewer people now. what does that mean for your texas business >> well, the texas business is still nicely positive. there are pockets in texas maybe west texas specifically that might see a slowdown, but different than what we saw a few years ago we never have seen
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that business build all the way back to where it was at its peak when oil was trading at $100 a barrel so even if there is a little pullback and a little bit of a drag on our top line i think we'll compensate that in other parts of the country and assortment. >> it does sound my last minute that it really is that the down high single digit workwear and that you sound confident that later this year that that will come back which means the stock will come back, correct? >> i believe so. i'll let the valuation take care of itself many even with that slight erosion, we're delivering some pretty strong numbers and you could argue that the stock is pretty cheaply valued if you look at our multiples and peg ratios, et cetera, but we'll focus on getting the business in the top line going even stronger and the top -- and the right direction and building our margin and delivering profitability and i think the stock price will take care of itself. >> excellent agree with you
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jim, just a gigantic winner. good to see you, sir. >> likewise. >> "mad money" is back after the break. >> announcer: a bullish three-peat for the market. get the best move for investors ahead of the day's first trades. "strauk on the street" tomorrow 9:00 a.m. eastern. watch or listen live on the cnbc app. with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ free, free, free. ♪ that's right, turbotax free is free.
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round" is sponsored by td ameritrade it is time it's time for "the lightning round. >> buy, buy, buy. >> sell, sell, sell. [ buzzer ] >> and then "the lightning round" is over are you ready, skee-daddy. let's start with carol in new york carol. >> caller: hi, jim blbr and the sector is expected to perform well. >> it is in the best sector, the sector that's home building connected to them. lower interest rates help. i like the stock mike in florida. mike >> caller: hey, jim. i need help on this after you mentioned it last month. it's bill holdings help me out. >> we thought that was a good -- we thought that was a good back office infrastructure software play i don't think there's anything wrong with it. it's merely down it got hit today anthony in michigan. anthony.
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>> caller: boo-yah, professor cramer good to talk to a professor that wants to make me money >> that's certainly my hope. what's going on? >> caller: tell me, we all know about the oracle of omaha but a lot of people are complaining about the drag on his stock by the cash overload so where do you think berkshire -- >> i think he's a patient man. patience should be reward. i'm a buyer, unmitigated buyer of berkshire hathaway. doug in new york klgandhoda.com how are you >> i'm good. how are you? >> caller: all right i want to say thank you for everything, dr. jim. >> doctor, professor i wear -- i'm a man of many hats what's going on. >> caller: no, no, no, it's professor. >> i'll take that too. >> caller: that's all i have to say. i just want to know about walgreens because -- >> no, we can't go there
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look, you know, it is tough enough to own this darn cvs where people take pot shots for buying aetna and maybe the quarter isn't good don't want to go down the food chain to walgreens i think it's a great place to shop how is that? mark in montana. mark >> caller: hi, jim boo-yah from missoula, montana. >> been there a couple times beautiful. >> caller: like the hills of jersey hey, first, jim, i want to say thanks to you and your team for all you do i know you like pasco. they carry the best branded and one favorite is the premiere protein line of drinks similar to brbr. what is your take on this firm >> i'm getting my bell rung. don't know it myself and won't go down the funko path that's a little stock joke we'll stay away from bellring until we find out more about it.
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i'm on the canvas. greg in florida. greg >> caller: hey, jim, big sunshine state boo-yah subject is oracle. i'm interested -- >> it's fine it's not great it's not bad that is the way i look at it and i just -- i don't have a reason to my and i don't have a reason to sell and i wish i had more. mike in mississippi. mike >> caller: boo-yah and oo-rah. elvis presley, the most beautiful women in the world, first, jim, thank you for those of us that have directed our retirement accounts since 1981 you have helped us immensely. >> thank you >> caller: my question is on iridium. i would like to ask you and your listeners keep up in your prayers. my old baseball coach will be buried saturday. my question is on iridium.
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>> i like it very much i've liked it since it was about 8 bucks. everybody gave up on it. i like the story i'm not done i'll go to andy in my home state. >> caller: how are you doing thanks for taking the call. >> of course, andy what's up? >> caller: i wanted to get your opinion on tyson foods >> it reports tomorrow here's what happens when they report the stock gets crushed, it goes down, charitable trust owns it, pull the trigger at 80 that's how we'll make money in tyson foods. that, ladies and gentlemen, is the conclusion of "the lightning round. [ buzzer ] >> announcer: "the lightning round" is sponsored by td ameritrade ♪
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♪ ♪ but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex. find our coupon in sunday's paper.
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every time something is front and center like a big epidemic we have with the coronavirus, i think it makes you realize the future of health care belongs to telemedicine i'm afraid to go to the doctor why go you're surrounded by sick people when you can get yourself diagnosed by video conference. especially when we're all pretty paranoid that's what this is. it's been one of the hottest stocks in the sector since the ipo it's up more than 460% including 70% gain last year their most recent results were terrific they had an upbeat presentation.
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jpmorgan last month and learned that they've buying in-touch health this thing has been on a roll. can it maintain its momentum let's take a closer look with jason gorevic, the ceo to learn more about where his company is headed welcome back to "mad money." have a seat. >> good to see you. >> i got to tell you i flew down to miami this week and it was a question about whether for the super bowl, i had the mask on and felt it was awkward. i didn't want people to say he has a mask on. at the same time all i cared about the person next to me not being sick i don't want the person next to me in a waiting room but it's hard to avoid. teladoc is the right thing. >> we enable them to get care without going where everybody is afraid to go which is the emergency room, the doctor's office where you're likely to get infected with something if you don't already have it. >> you're in shanghai. >> that's right. about a quarter of our business
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is international. >> if i'm in shanghai i want to see a doctor everybody stells me it's impossible is shanghai the next big thing. >> well, so our team in china is on top of the spread of the coronavirus there in touch with our team in the u.s. and all around the world and working with the cdc, the w.h.o. >> what's the word mean? people are too optimistic i think. >> i think the important thing is to understand what's true and what's not true. right? right now in the u.s. it's a concern more than it's a reality. we want to make sure that our doctors are equipped with the right information and the screening tools to make sure they know what to look for and how to quell those fears that right now aren't materializing and we're staying on top. >> if i'm on that princess cruise would i call in could i call in? >> sure, we're available all around the world and provided care in 125 country.
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>> shouldn't we all have a subscription in case we think something is going on? >> i think that's exactly right and seeing more and more demand from employers, health plans all around the world working with our clients to make our service available for their people who are on the ground in china. >> now, lisa gill was talking about the year of the patient and that means the year of teladoc. had is the year where i think the patient is sometimes let's say every day because they watch the news -- can you check in every day if you're a subscriber. >> sure, in fact, we have, for example, mental health care service, unlimited subscription where you have a relationship with a therapist and have access through chat, text, phone, video, on an unlimited basis. >> the prielthsing for some of these features is dramatically lower than if you saw a person of similar quality individually. >> well, that's right. i think quality is the most important thing there, right
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all vetted making sure that it's the right quality medicine all on a single platform to standardize the delivery of care and then as you say it's just a more efficient way to deliver care. >> now, this flu season itself, forget the coronavirus, it's been terrible. are your doctors on top that have how many more calls have you had? is that a big so to speak -- i know you're a good guy so you don't have to say we kill it in the flu season but something that motivates people to subscribe. >> well, certainly and there are examples of where state health departments have advised telemedicine so you're not going into a doctor's office or an emergency room and infecting other people but, you know, certainly our volume is up and this is a much more severe flu season than we had last year. and what you used to be, you know, us doing high-fives when we had a 10,000 visit day is now a normal tuesday for us. >> wow
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okay, so how about your deal with aetna because we had larry on, and he's got these clinics so to speak in the stores. aren't they competing with you >> well, no, actually we partner with aetna, cvs, they're a large -- >> explain. >> the vision that larry has which is a great one is to turn those minute clinics into what he calls health hubs and health hubs are designed to take care of much more than the typical earaches and skin rashes that somebody walked into a minute clinic for and one of the visions is to be able to bring in specialists via virtual care on our platform into the health hub so that you can massively expand the scope of what can be delivered in the health hub. >> so let's say we were turn back history we had cell phones of, say, ag cell phone when i was born would my mom never have had -- it seems like the doctor's place is the worst place to go would we have been thinking when i was growing up, you know what,
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it's only for emergency purposes everything else should be telemedicine. >> what kused to happen is the house call where the doctor came to you. >> yeah, i was a little boy. >> that was the house call the house call avoided that situation. we're delivering it. >> you brought it back. >> that's right. >> you know it's funny, that's how i have to look at it i was old enough to remember when the doctor would come the vast majority of our viewers didn't know they even did that this is a better way to get medicine because of how many illnesses are transmitted in rooms? that's right exactly. delivering care for the consumer on their terms in their home so that they don't have to go out and some -- >> i didn't even get to in touch. pie bad. because of what you said about shanghai, because you're the antidote there too i wish they had you in wuhan. >> we wish we were more prevalent there so we could make a bigger impact. >> you're doing a great job.
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that's jason gorevic, ceo of teladoc. you first heard this when we had lisa gill on our expert from jpmorgan now you see why i like the story so much. stick with cramer. - [narrator] at southern new hampshire university,
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we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021.
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- [woman] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. every night my wife and i do nothing about talk about the coronavirus and we watch the special every night. of course, it's pretty much i wish it wasn't so dominant in my house. don't go anywhere because tonight it's my friend will frost in the special cnbc report on the coronavirus he has all the latest info and you know it's a very fluid and dynamic situation, okay?
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what benno dorer said about clorox and it's not even in the numbers what clorox will do and i use it everywhere since the virus came out i would go with that one i always say there's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i will see you tomorrow. the cncnpepe s sbcbccial reports now. a 12th confirmed case and hundreds are returning under quarantine

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