could continue. >> daniel, guy mentioned merck, some of the spin on that one i think it's finding support maybe play bab are for this. >> guy. >> i find it's interesting you engage number one, number two, general dymi mnacsr. sluymer gor one. number two, general dynamics, mr. slimer got me thinking >> that does it for us "mad money" with cramer starts now. my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate, teach, put it in context. so call me at 1-800-743-cnbc or tweet me @jimcramer here is a question

where did all the sellers go did they just disappear? did they decide to park the money in the stock market like it's some kind of bank vault the more i watch this market rally all week with the dow gaining 89 points today, s&p advancing 3.3%, the nasdaq 6.7%, that's exactly what's happening. it's not that investors have gotten complacent. they're just being disciplined and resilient. so far the discipline is working and the resilience, well, it's a wonder to be hold. with the coronavirus, how can we recover so easily from friday's meltdown we have now bounced back harder than we fell what's driving this? first and foremost, the marginal buyers stocks right now is the index fund investor, someone who puts their money into an s&p 500 -- >> buy, buy, buy >> index fund, and then leaves it there everybody knows this is the smartest, lowest cost way to invest you have to diversify the

portfolio with some of the largest companies in america all right. there will always be dogs. [ barking however, when their performance is too doggy, two terrible, they can be kicked out and replaced -- >> sell, sell, sell. >> -- and be replaced by better companies. the dow 600 points on two types of fear. the physical fear of the actual disease, and the economic fear of the fallout from the disease. we were worried about how well our government would be able to quarantine the disease that's been ravaging in china only a dozen people got through the net. and now that president trump has closed the door to chinese nationals, i guess it's possible that could pretty much be it of course, we don't know how many students came from wuhan with the virus there is a two-week incubation period so the carriers might not even know themselves, yet they could be spreading disease all over the place a this very moment one thing is for sure, these

type of health worries turn out to be a real bad reason to sell the s&p 500. that's another story the companies that are linked to travel and hospitality in china, they are hurting if their stocks are up, that's wrong. we know that supply chain problems and other examples, apple, own it, don't trade it. they're short 45 million air pods because assemblers can't get their parts. we see weakness from retail in starbucks, capital holdings, yum china. nike and disney said their line will be hurt some of the cruise stocks have come down as some of the response has been seeing cancellations has apparently been pretty muted. for me this is all confirmation that the chinese economy is slowing by as much as 1% china has injected itself with massive amounts of economic stimulus so once this coronavirus is

contained, the so-called china stocks of america could be fabulous performers. we're purchasing it that way for action alerts with starbucks today in the conference call in other words, investors are treating the slowdown as a buying opportunity for the stocks of american companies with major chinese exposure, and it might just work that's the second reason why you don't see many sellers it would be very different if these companies had bad balance sheets they don't so therefore they can weather this kind of pain. other than yum china, they all have big cash flows from outside the prc. many of them are buying back stock at this very moment, and they might have the right idea when chipotle got hammered by its latest food scare not that long ago, the company fixed the problem by repurchasing 10% of its share cap at a very low price. that was a steal chipotle has come roaring back we spoke to the ceo earlier this week i believe that many of these declines are truly temporary tyson reported an okay number i

thought their call was particularly poorly done, but that doesn't mean i want to give up on i think the stocks buy below 80, especially if we catch downgrade and 78 i would like to take those guys out and explain to them how to do a conference call, but you know what? i have a job actually, i have a couple of jobs it does not include teaching tyson how do to do a conference call the balance sheet could be fix bade gigantic fundraising. you know what? it's resilient i feel the same way about the faang stocks alphabet remember the other day they reported and it's good and everyone said that's so awful. it didn't make the number. guess what the stock is back to where it was before the so-called bad quarter, and it's going to take that out and then some because it was actually a good quarter since 100, i've liked it how is all this possible look, ever since the great recession, most large companies

have been much better about maintaining clean balance sheets, having cash on hand. they don't want to get caught with their pants down again. the ones that occasionally try to sneak in with big debt like we were, you know what they don't even make to it the finish line. we hate bad balance sheets, and we don't lie the clean balance sheets you can feel much more comfortable buying any fears of a temporary chinese slowdown. >> buy, buy, buy, buy, buy, buy! >> and that's what people are doing. third point, natural sellers weigh on the market every day. i'm talking about the retiring baby boomers you might expected them to be ringing the register on a large part of their 401(k)s or iras at the beginning of the year because they've been up so long and the virus sure sound scary here is the thing. boomers are stuck. where else would they put their money? short-term interest rates are very low medium term rates aren't that much better. this is the fabled situation where the stocks are the only game in town i know a lot of you hate that and think it's soporific if not

fanciful quell, i'm going to call it reason can't call it logic. how about dreaming it's actually -- the stocks are rung but do you want to put your ten-year when you have so many stocks that yield so much more finally, as i always say, whether you love trump or you hate him, the president doesn't want to see this market go down. it's kind of like our money manager in chief in the state of the union we pointed out that $12 trillion in dollars in wealth has been created. he mentioned that. since he was elected, that's a pretty good number and returns on retirement accounts have been among the best ever. he actually gave some percentages, depending on the manager. kind of a fun part of the speech truth be told, no president in my lifetime has shown this level of interest in the stock market. he is more interested in the stock market now than when i used to be a judge on "the apprentice" and he would ask me about stocks, and i always told him i liked verizon. no one ever got hurt

recommending verizon, nobody trump wants stocks higher, and he is happy to do things to help them he sees the success of stock market as being towards his reelection efforts and he wants to be reelected. he sees it as a judge of himself. that means he's got to put his thumb on the scales to boost stocks, i bet he'll do it. the bottom line, look, funds can be a fickle way to invest, but right out of the market is anything but material. it's resolute. this isn't the stooge thing to do it's the stooges who don't do the buying iram in new york. >> caller: hi, good evening, mr. cramer how you tonight? >> i am doing well i've got mccormick spice on. what's going with you? >> caller: awesome i have a stock called fun co i bought it in may after the steal on air, and in

septemberish, it sold about two million shares and now they released earnings yesterday and it looked horrible i'm wondering what your take. >> it was horrible and the analysts go from buy to sell it was horrible. i mean, look, you make google horrible stock and you might see fun co but you know what? it doesn't impact the worthiness of the product china's infected mass incentives into its economy which could create buying opportunities for you. it's actually can the move continue as the 2020 presidential race rolls on i got the ceo. and is it time to stop speculating on the coronavirus don't make a move before you hear my take and china has been the second largest market in terms

of sales should we be concerned about how the virus has affected stock and i'm bringing us back to the set tomorrow for squawk in the street i'm going splash it in the eye of david faber, as i promised. stay with cramer >> 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. he's a systems quarterback. where's the truck? what? parked it right there. male voice: what did i tell you, boys? tonight we eat like kings! (chuckling) you're a genius, gordon!

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♪ is. are the organizations finally ready to start getting the respect they deserve look at cigna. here is a stock that peaked above $225 december 18th and slid to below 150 at its lows last year, in part because investors were terrified that the democrats might nominate a presidential candidate who wants to abolish private insurance, but partly because some people didn't like an acquisition that i said was brilliant like i've been telling you the whole time, this is a great

business to be in, regardless of how the election goes in november, nobody will have the votes in the senate to impose single payer that's one reason the whole group came roaring back. even after the move, the signature seems cheap. especially when we consider the company just reported a nice top and bottom line and sent the stock up more than 52% the darn thing is selling for barely more than ten times next year's earnings. i don't get it i think it's a steal let's check in with david cordan, the present ceo of ceo welcome back to "mad money"! >> good to be with you, jim. >> all right, when we saw you last time, your stock had been killed, and i said this express scripps deal, it's going to be unbelievable many of these analysts don't like it. they're going to be wrong. you proved them wrong, didn't you? >> well, we're proving the combination worked we're growing the company as you noted. we increased our revenue guidance and earnings guidance

each of the last two quarters of 2019 and ended the year with another b and rev lew growth outlook and another double-digit earnings outlook in front of us. importantly, jim, we're producing a phenomenal amount of free operating cash flow we produce $9.5 billion of cash flow in 2019 the combination is working really well because it's working well for our customers and our clients in the marketplace >> the number -- i don't think people realize how big you are 171 million total customer relationship how is that possible >> over 170 million customer relationships around the world we ended 2019 with $140 million of revenue it's a privilege to serve that many customers it's a growing number. we've just went from 165 million to 170 million and we're rapidly making our way to 200 customer relationships around the world where we're trusted to help people with their health, well-being and peace of mind we're a growing company.

that's why that number is so large. >> can you tell people who are baby boomers, for instance, what is the advantage of choosing cigna versus others when it comes to the medicare advantage? >> i appreciate the medicare advantage question for 2020 we expect to grow that business between 13 and 16% of new customer growth. core to our medicare advantage business is we work deeply with the physician. we have value-based care relationships where we not only share information, we share clinical resecond quarter, nurse, health coaches, behavioral health professionals with the objective of helping to extend the physician's office to do more comprehensive whole person health. as a result, our medicare advantage customers, we earned a 71.net pro net score that's phenomenal. people aspire to achieve that five years hence we're managing one customer at a time, one relationship at a time and the service are coordinating

the whole person's health. >> that is the highest in your group. >> it is, other than kaiser which is a unique model, across our portfolio that's the highest in the group right now. >> i'm glad you mentioned kaiser doing such a great job and he is missed let me ask you something -- >> we all miss bernard i agree with you. >> just a remarkable man really, we had dinner. she said who is this guy does he run a big company? i said he runs the biggest, and he is missed he is a sensational man. let me try to understand what would happen today when you get a new drug let's say, for instance, the drug for migraines, are you one of those -- are you an early adopter or you say wait and see if it's good >> so, jim, a part of the way our company is run, there is an independent panel of physicians. think of a group of about 15 or 17 physicians representing all areas of specialization. that group actually goes through both the pipeline of new drugs

that come through so they know it's coming through, as well as the new drugs once they're appro approved and they make an independent assessment in aiding our chief medical officer for the organization and they determine whether or not they're included all the time, some time or excluded from that standpoint. secondly, we work with our clients be they commercial clients or governmental agencies to make recommendations how they should design their formulary or access programs. that independent group of physicians is backbone of our company, and that group is independent, multifunctional from that standpoint. >> okay. let's say someone comes to you, please, we hope the coronavirus does not go beyond the 12 people the cdc talks about. but there are many different formulations i'm hearing if one of the lines was covered by cigna and they wanted to try to experiment, would you pay for that >> so when you come to experimental therapies, there is a protocol relative to that from

a review standpoint. the general answer would be it depends. it depends on two things is cigna covering the life as an insurer, or are we asking as a facilitator for an employee health plan? if it's asthma sill tater for employee health plan, it depends on the program there two, it depends on the evidence. particularly when you're getting into experimental treatments, be they drug or surgical or otherwise, there is an independent evaluation made. if there is a positive recommendation, we typically are going to cover and facilitate that, but it's a case-by-case basis, independent valuation informed by the coverage. >> you're on top of this stuff i have to ask you, is the country ready if the coronavirus expands? do we have enough beds is your company set for it because it does sound like something that you uniquely know more than almost anybody in the country. >> well, we're a global health service company. for example, the world health organization is a client of ours we have a business in china. so we're managing that as we see it today first and foremost, it comes down to the safety in that case of our coworkers and the safety

and service of our customers we're able to get a firsthand look in terms of what's transpiring in china due to the nature of our joint venture there. coming back to the united states, i think the united states, the sophistication of our health care delivery system, the pandemic preparation that takes place in the united states on a regular basis we're as ready as any developed country can be for this. but as you know, there is not yet a documented core for this strain of the coronavirus. so that's why the world is coming together using pandemic management protocols to make sure it does everything possible to minimize the transfer of the illness in the current state but again, from an oecd country, developed country, the united states is as prepared as possible right now. >> how do you feel china is doing right now, just as a business person who is looking at cigna, but obviously has a heart and cares about what the heck is going on >> you know, i appreciate the latter part, because that's what i was going to go to first and foremost, your heart goes out to the chinese citizens, right? my coworkers in china are first

and foremost our orientation is their health and their safety you activate work at home protocols immediately, access to care protocols are open from that standpoint. the country is using every resource possible that's available to it. as you know, china has a lot of state-owned organizational hospitals from that standpoint there are private institutions as well availing additional resources through the private institution as well. and in cases of tragedy or challenges like, this it's typically when you see the best of society come out. so you see individuals helping one another at that standpoint from what we're seeing in terms of our coworkers broadly speaking, safety first health is largely in check we have two infected employees in our organization that are being supported in china today and we're working with centralized government to provide services there as well >> last question were you surprised at how short a time it took for the american population to figure that maybe single payer is too expensive?

>> i think as we step back from that standpoint, our belief as a corporation is in the united states, every american deserves access to affordable high quality health care. we do believe that what we should do is keep building on the systems that are working and strengthening them that's first the employer sponsored system, medicare and access to the individual exchange system. but choice choice resonates in america because of both the unbelievable diversity of our population and importantly, the diversity of the localized health care delivery system. now stepping back, americans demand, again, improved affordability. and that's the number one priority driving forward and we're proud of the fact we continue to deliver the lowest rate yet with high satisfaction, and we'll keep leaning in with innovative products and services to deliver against that. >> great congratulations. we didn't talk enough about express script so many other things congratulations. the stock has been doing everything and yet it's still too cheap. thank you very much, david >> thank you

>> the president and ceo of cigna, which we like 60 points ago and we still like. "mad money" is back after the break.

♪ can we please, please stop speculating about what's really happening with the coronavirus outbreak i'm tired of reading stories about the potential vaccines, cures that just might work just like tet the research play for heaven's sake. i think you should take every update with a grain of salt. everything is in fluctuation are we really supposed to believe there are only 11 cases of coronavirus in the country as of yesterday when there are now 20 cases on a single carnival cruise ship off the coast of yokohama in japan? if those figures are accurate,

we've been making a mountain out of a molehill. maybe the quarantine is working. maybe we're wasting our time worrying about this illness when the garden variety flu kills so many more people this flu season we had 15 million cases, 140,000 hospitalizations and 8200 deaths just through the middle of january. apparently the last few weeks have been worse according to hill ferguson, the ceo of dr. on demand while the lack of cases here is comforting, i can't say the same thing is in china. first off, i don't trust the communist chinese party as far as i can throw them. and they're not letting any u.s. in to verify the numbers second, the companies we heard from that do business in china have painted a very negative picture. the smuggled videos from the front lines of wuhan are devastating. their government has shelled out a mass amount of money to stimulate the economy and i believe they're using some of it to buy stock to prop up the economy. it's not a great sign.

the worst assessment so far came from yum china which owns the chinese pizza hut and kfc. they told a story of tremendous strain on the entire system across the country it's something much bigger and much worse than what's happening in wuhan as tcfo told us, the recent coronavirus has caused massive disruptions in our business. a decline in sales for the restaurants that remain open more than 30% of all yum china stores are closed. and same store sales are down 40 to 50% ouch the most worry some one line in can the conference call, quote, you can expect more bad news, end quote. maybe the united states has been spared maybe it's just a public health crisis here. but china is in big trouble. and fools inc. today days ago, i got my hopes that maybe the trend had become less terrifying. yesterday the numbers spiked back up. the only thing less reliable

than the daily numbers, the daily reports that someone has a vaccine or a cure for this thing. many different drugs have been tried. if any of them actually worked i have to believe we'd find out pretty fast. clorox kills the virus you use wipes, you can protect yourself from surface transmission, which by the way is the way a lot of people are getting it everything else, take wit a grain of salt and maybe even a pillar of salt, because the truth is we just don't know. let's go to nelson in new jersey, please nelson >> hey, jim, thanks for taking my question. >> of course >> a sincere heartfelt thank you for helping me put the market in perspective over the last 15 years. that's why i really need your help with this one. >> you're great. try to tell people, they say what is the show about picking stocks it's the opposite. it's trying to educate and teach. if it was just picking stocks, i'd go back to my old hedge fund let's go to work >> caller: all right tcom, trip.com downgraded today by hsbc, on

january 22nd by bernstein. they're a travel and leisure stock with 70% direct exposure to china's travel economy. earnings coming on january 26 where at the very least their short-term guidance is going to be dreadful. the 800 pound gorilla in the room the coronavirus how can the stock be trading up this week? >> this fits with the hotel business and the cruise business they're all going up i've been saying that this is not right, that these stocks shouldn't be going up, and people should be careful you and i are in the same boat but you know what, nelson, here is the problem everyone is saying the same thing, and yet the buyers don't want to listen maybe they have to lose some money. maybe that's what will make them certain. uncertainty is the only certainty we have when it comes to coronavirus outbreak. let it play out. much more "mad money." more exotic flavors, you can find consumer giant mccormick in your kitchen cabinets, but is

its stock the secret ingredient for your profile i've got the exclusive then the utilities went up by a rate cut. but how could elliott management moving to impact the sector? i'm investigating. all the calls rapid-fire in tonight's edition of the "lightning round." so stay with cramer. ♪ (sensei) beautiful. but support the leg! when i started cobra kai, the lack of control over my business made me a little intense. but now i practice a different philosophy. quickbooks helps me get paid, manage cash flow, and run payroll. and now i'm back on top... with koala kai. hey! more mercy. (vo) save over 40 hours a month with intuit quickbooks.

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all week i've been telling you i'm a little skeptical about this rebound while it gets harder and harder to just buy with every passing day, the averages keep marching higher, i'm going the stick which my guns. i think there is going to be another shoe to drop, either from the coronavirus outbreak or maybe a bernie sanders surge in the primaries, or maybe from the upcoming slate of retail earnings when that shoe drops, you'll want something defensive, a defensive position and when it comes to defense, it doesn't get much better than mccormick. last month they reported a slight revenue, a little wider guidance because they're investing more in their business, and the stock tumbled nearly 4% on the news. since then the stock is getting hammered because this is not the

kind of thing people buy when they're feeling as euphoric as the averages indicate. so could this be the buying opportunity? you don't get many with this one. let's dig deep were the chairman and ceo of mccormick, get a better read on where the quarter is headed. welcome back to mad money. good to see you. it's always great to see you, because every one of these is in my kitchen every single one and i tell my wife to watch because she is the biggest user of mccormick >> jim, that's great to hear it's great to be here to talk to you because you've got to be feeling good i came on this show for the first time two and a half years ago after we had just done the deal buying french's and frank's. and you told your viewers that that was going to be a great combination. and if they had bought stock that day, with reinvested dividends, they would have a total return of about 80%. >> i didn't know it was that good i knew what i like, okay, and i tried to tell our people who

watch if you like french's, like i do, i'm from philadelphia and i like it on my soft pretzels. if you like frank's because you put it on everything, you didn't know how it could miss but the analysts must not use the products they were looking at some sort of spreadsheet you and i both know these are wildly popular, but they have been doing nothing with them and you've changed that big-time. >> and they feed right into consumer trends, jim consumers want more flavorful, bolder products, and there is a real movement towards hotter and spicy flavors, especially among younger consumers. these brands were terrific hits like millennials and gen-z the younger you are, the more likely you are to be using franks. >> there is a hoarding going on in this country right now. my favorite spice is -- old bay. i love hot sauce people can't really get this, can they >> jim, this has been an

unbelievable hit we introduced this through our online store and sold out literally less than 30 minutes >> how is that possible? >> it's incredible and i tell you, this is an example of what they call a revenue synergy. we've got great brands, and now we have this great capability in hot sauce. so here is a chance to bring old bay hot sauce. and old bay lovers >> this isn't even the growing season yet what's going to happen -- you work 24/7 to get the product out? >> believe me, to be out is not something i want i want to fulfill that demand. we want it out there >> how did this happen let's think about this this is millennials deciding that they want to be able to stay thin and have something that tastes great? >> i think that's a big part of it great flavor hot sauce delivers a lot of great flavor besides the heat. frank's has a very distinctive taste profile and old bay, especially if you're in the

midatlantic states, there is nothing. >> the orders, right >> that's it exactly >> now i own a mexican bar and what i go through more than anything else in the world is hot sauce. many different kinds i wish you made it because it is hard to keep in stock. the millennials go crazy but i need a mccormick brand, one that i trust >> oh, well. you know, frank's is our powerhouse right now, but we're committed to be the number one maker of hot sauce in the world. so when we acquired franks, that made us number two in the world, and number one in the u.s. number two in the world. and our goal is to be number one. so i'll take that advice and see what we can do about that. >> i think it would be pretty good in the meantime, there is a lot of other moving parts that are going on you're doing something and people get confused about it you're doing erp, this enterprise feature it's going to cost some money to do. >> right. >> you bring in an outfit that really makes you more organized. you haven't done it in a long time

tell people why you have to do that so they don't think it's money wasted. >> yeah, sure. first of all, i want to say that our underlying business with strong growth. and we've continued to invest behind our brands and doing the things to build the mccormick of the future and that is part of the building the mccormick of the future. our system, the software we run our business on, we went on to the platform we're on now in 2002 and we were a much smaller company then. >> right. >> much less international than we are today and the fact is technology has moved a long ways from 2002. >> right. >> so to run our business efficiently and effectively at the larger scale and the larger size with today's technology, it's the right investment to make >> all right good because i think some of the analysts are saying, well, listen, to you really have to spend that much? i want you to be equal your expansion plans, which are important. >> things are global they are inherently expensive. jim, it's like -- the cost like

the pig in the python. it goes in, but then it's going to pass through. so right now in 2020, we're going have the ramp-up of expense, but we'll be back on our growth algorithm after that. that will not stop our growth algorithm. >> this is again why the opportunity is there now there was something that you mentioned. you have a division in china, and i was under the mistaken impression that something as terrible as what's going on there would be good for you because more people would cook at home and not go out but you did say look, it's not a positive >> yeah, it's hard to say that as a positive. right now it's hard to know the impact of the coronavirus in china. we have a large business in china. part of it is supplying consumers. part of it is supplying restaurants. >> oh, okay. >> and consumers are not going out, a lot of the country is on lockdown i'd say that right now our number one concerns are for the health and safety of our

employees and quality and the integrity of our product and it's a little soon to know what the financial impact. but it can't be a positive when people aren't going out to restaurants and consuming our customers' products. tough time there. >> but i'm glad they're -- >> trying to confine it, though. what we do in china is for china. we manufacture in china for the chinese market >> including wuhan. >> exactly, do you get daily updates on how people are doing? are people okay? >> we do at this point we have over 900 employees in wuhan in a manufacturing facility there and as of now, there are no known cases among any of our employees or their families. that's certainly good news. >> that's fantastic news one last thing i do want the ask you. i'm seeing this on ebay. >> yeah. >> for more than it's selling for. i mean, how is that possible can i flip this? can i sell this for 30 to $50? you know how much that stuff is

going for as of this afternoon >> i'll let your conscience be your guide but it has been going for 50 bucks on ebay actually, jim. >> i'm cooking this weekend. and you know what i'm going to be using thank you. thank you for the kind comments about knowing it was the right thing to do. but it's pretty easy to do i have a wife who can cook thank you, lawrence. that's lawrence kurzius. what is a great stock. this is the time you buy something like this. "mad money" is back after the break. make fitness routine with pure protein. high protein low sugar tastes great! high protein low sugar so good! high protein low sugar mmmm, birthday cake! and try pure protein delicious protein shakes

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"lightning round" is sponsored by td ameritrade >> it is time! it's time for the "lightning round" >> buy, buy, buy >> buy, buy, buy buy, buy, buy [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy? time for the "lightning round. start with little john in california, little john? >> caller: boo-yah, jim. i'm calling to get your thoughts on spm, microelectronics >> oh, i think that's a good semi company, and that is going higher. >> buy, buy, buy >> let's go to chad in iowa. chad >> caller: boo-yah, jim. how you doing? i just want to say i'm a huge fan. i talked to you last week on monday >> okay. >> caller: and i think you're

awesome, great job go chiefs. i'm glad they won. >> i am too. what's up? >> caller: i'm talking about con knock cophillips i have some stock. what are your views? >> i'm not a big fan you are in one with the best profile, the large one if you want to own it, it's a 3% yield. it's okay. let's go to chris in new york. chris? >> caller: boo-yah, jim. >> boo-yah >> caller: wanted to hear what your thoughts on new cora are. >> if you like a steele company, it's the best steele company i don't prefer steel companies i think there is too much competition. let's go to ross >> boo-yah, mr. cramer. >> yo. >> caller: hey, i'm 23 years old and i'm a senior at clemson university. >> yes, clemson! >> caller: yes, sir. i want to give a shout out to my dad. >> there you go. >> caller: my stock has growth

plus a great yield and it looks ready to capitalize on the roll-out of 5g but the stock i'm talking about is crown castle. >> that's a good one you're absolutely right. a power stock. a terrific number tonight. i think you're in good shape let's go to john in california john >> caller: hey, it's jimmy chill man all the way here from seal beach, california. listen, decades plus watcher, first time caller. neo. neo son my mind. i have peas and carrots across my chart don't know what to think. >> it's a dice roll. let's get some dice out and see how we do. i like to do more than just dice rolling. [ buzzer ] breanne in california, breanne >> hi, jim thank you so much for taking my call my question was regarding tandem diabetes they're up about 23% since i originally invested. what are your thoughts >> what's been bothering me is this stock was down in the 50s

and 60s. people kept calling and saying hey, do you still like it? just because a stock goes down, i feel this way about tyson foods. just because it goes down, does not mean it's a bad company. tandem diabetes has never gone down to those prices. it is good situation how about lee in texas. >> hello, professor. from the lone star state >> got you >> caller: iron mountain. >> i think it's a buy. i think it's good yield. there is no sign that the market is deteriorating i think it's a fine situation. i would be a buyer and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy.

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♪ something very bizarre is happening over the last two weeks. money managers a pressuring publicly traded companies to go green or go home people are having trouble seeing how much of a sea change this is the most stunning example actually last month was elliott management yeah, one of the most hard-headed activist hedge funds on earth, all right, launched a new campaign targeting evergy created by the merger of kansas city power & light in 2018 they're saying they should spend

less money on buybacks and more money on renewable energy sources. it's the embrace of green and solar that really shocked me in this one you got to understand, these guys at elliott are the furthest thing from a bunch of bleeding heart environmentalists. they practically embody the heart of rapacious capitalism. this is about profits. see, ever since the merger that created it a little over a year and a half ago, evergy, which is the red line behaved like your typical utility stock, but only worse. look at this disparity from mid 2018 to the end of last year, the stock had a 21% turn, including dividend ok okay we like that the utilities had a 30% turn underperformance when they entered the fray last month after taking a 5% stake in the business they told us they had been in dialogue with management for

months, talking about ways to maximize but the talks have broken down ellio elliott's thesis, they argue energy has gone from having ra premium valuation to a discounted because the company has been spending too much money on buybacks and not enough reinvesting in the business. as elliott sees it, that limits their upside they want to invest more money in the electrical system in particular, they want the company to roll out more renewables, shrink its carbon footprint. they want management to get busy making that happen or to pursue a stock for stock merger and make it happen all told they believe they can create $5 billion for its plan which is pretty meaningful this is a $16 billion business what drew them to this story in the first place? evergy is a bunch of top-notch utility rated assets in kansas it's well-known. it's well liked. they have multi-year regulatory agreement meaning there is a lot of certainty about the rates they can charge their customers.

evergy is in a terrific region of windmills evergy has a bunch of natural advantages, but the stock has been an underperformer for a couple reasons they accuse management of having a suboptimal plan. that's a jimmy chill word. they're spending too much on buybacks and the execution hasn't been great since the merger in 2018 as always, i quote, evergy implemented a new strategy to repurchase shares rather than driving sustainable valuable creation by making critical long-term system investments, end quote. they continue. evergy's current plan relies on base rate to multiple years while relying on buybacks. most utilities are looking at better rate base increases than 50%. so there is a real lack of ambition here. plus they point out a string of operating issues including the prolonged merger and

management's recent guidance cut. yeah, they cut guidance, even with this great area home of the super bowl champion lombardi trophy. so you can understand why these activists want change. but why the heck are they calling for this utility to embrace environmentals sustainability well, it doesn't hurt that missouri recently passed a law designed to encourage more investment in state electric grid yet they're talking about how evergy could be a leader in decarbonization. well, it turns out renewables have become more efficient evergy is struggling with its maintenance cost because it gets 40% of its energy from coal. meanwhile, kansas and missouri have 785 gigawatts wind capacity once you have the wind mills up and running, wow, wind is so cheap. put it all together and evergy is generate 8 to 10% earnings growth from 4 to 6 under the

status quo and if evergy can't do that on its own, they talk about trying tri-ing to bring in new directors. they're implicitly threatening to launch a proxy fight if they don't get their way. the stock jumped from around 63 before they got bumped to 71 as well let's say wall street likes what it's hearing, plus elliott is such a good creator of value really kind of weird, though to have the hedge fund calling for more renewables. elliott management is saying things you never really hear these guys are supposed to be vulture capitalists who only care about the short-term. you rarely hear them criticize a buyback. and when hedge funds talk about the environment, it's usually one of the funds where the money is specifically earmarked for good corporate citizens. so when elliott comes in and says, quote, i want you to stop buying back stock and instead build a bunch of windmills, that tells you something in the world has changed. sure enough, two weeks ago, moody's published a note saying that elliott's push for more

ve renewables is a positive it makes a lot less sense than putting that money into infrastructure evergy is not thrilled about this while they've taken a disruptive tone about some of elliott's proposals, they're also pushing back management points out they're already on track to deliver big cost returns a week ago, evergy made a joint announcement with the new democratic governor of kansas. they have a plan to reduce their carbon emissions by 80% by 2050 and add a ton of wind power to their portfolio. but by the end of this year, the company says they'll already have achieved 40% reduction versus the 2005 levels however, evergy points out they had to make agreements with the regulators to get the big merger approved which means the investment won't pay off any time soon because the rates will stay about the same place. meanwhile, it's not safe to cut much more from their operating management clause. and even if they put themselves up for sale, there is a good

chance they'll botch the deal. my view, evergy makes some good points but i think elliott's plan is worth a try. what they really want is a sell, it's on the hunt for deals in the midwest. i like that company. bottom line, even if elliott's plans for a sale or a great chance formation might be too cheap, i like what they're trying to accomplish i don't like how much the stock has run since the news broke, though right here you have my blessings still to buy a position, call it speculative in evergy and let's see how this all plays out stay with cramer legendary terrain in telluride,

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stay right there, because you don't want to miss a cnbc special report the christoph outbreak this one is hosted by ty matheson my friend, you do a terrific job. i'm telling you, it's a good ♪ good evening, everyone i'm todd mathieson welcome to this cnbc special report outbreak coronavirus. there is they 38 since the world health organization was first alerted to what has now become a global health emergency. but in today's daily report, we learned that for the first time, the number of new daily cases dropped. now, that does not mean it is time to lift the alert >> reporter: hope the spread of the virus has peaked dashed. >> we need