Skip to main content

tv   Mad Money  CNBC  April 6, 2020 6:00pm-7:00pm EDT

6:00 pm
slack. >> all right, dan. guy adami, got a minute left in the program, final thoughts, final trades at this point whatever you want. >> i don't think we have a minute left. 10 seconds, eli lilly, go. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate, teach you. call me 1-800-743-cnbc tweet me @jimcramer. look at that
6:01 pm
virus could soon peak in new york city. we've already seen the apex in madrid italy is clearly over the hump that means buy storks. cover your shorts. the bull is backs today's run d 1627 points marking its best day in two weeks s&p soaring 7.03%. nasdaq 7.3%. can it really be this easy or does this represent too much optimism i think it's a bit of the latter wall street is a group of index buyers and traders when we care about the new number of coronavirus cases, number of hospitalizations and mortality rate index buying was so intense it moved stocks like they were play things now, does that mean we should buy the nasdaq when we have more ventilators, sell it if we don't have enough personal protective equipment? do we buy the s&p retail etf when we get a decent number from, i don't know, governor
6:02 pm
cuomo? no, it's kind of ridiculous. we're simply seeing, though, the flip side of what happens when people were downbeat as they were last week when the president's team told us some pretty horrifying death projections if this thing didn't slow down. i do not like markets driven by inderkz buying or selling because neektither is sustainabe both fake people out when they see the big futures down, they get scared and they sell low and when it goes up really high, what do they do? >> buy, buy, buy >> they buy high and then they get smoked i'm trying to fight that don't get me wrong, it's great that we're starting to flatten the curve with this pandemic i am glad the worst case scenario may be coming off the table. i'm glad more people will live than we thought after one of those press conferences last week it's a relief. i am thrilled that so many small businesses applied for money to get back in business, particularly with the community banks. that may have been the best untold story but none of that necessarily
6:03 pm
translates into better earnings per share for corporate america. when you're investing in the stock market, you know what, the overall level of the index won't matter if you're buying individual stocks and then if you do i'd be more forgiving of the attitude if it were all in a vacuum when you're a day trader you don't have to care about earnings you have to worry about what companies report en masse. that's soon. if you're worried about the state of the economy, you should be, maybe you should let the market cool off after a day like today. i don't like buying on top of the index fund wave. again, i am neutral. i don't like it when the futures send things down and i don't like it when the futures send things up. i like individual stock buying and i like thought let's go over what this day does mean when people are searching for light at the end of the tunnel you and me both. if you haven't been contributing to your 401(k) this year, last week would have been a good time stay the course. you have to wait for a
6:04 pm
profit-taking session. i'm not calling nor a short cover in a bear market that doesn't get us anywhere i believe we'll beat the virus because of science after a mistake like today even for 401(k) money, i don't like to chase the big buying opportunity was last week. i don't think the market has bottomed yet i think individual stocks have bottomed why not buy right here 1234 i care and you care, too if you have to pay more than 6% on friday. i bet you will not feel good if you come in on top of a mini bull market start to finish because covid-19 perhaps can be beaten, albeit with tens of thousands of casualties. yet what happened if we get another leg downbased on bad economic numbers that makes you panic and all these index fund buyers become sellers? don't put yourself in position where you'll be tempted to buy high and sell low. be patient after last week i am convinced
6:05 pm
there will be more selling what about individual sectors? today we saw incredible strength in tech, retail, banks and industrials. let's dissect each one cloud kings and data center plays. we hear about budgets being delayed and cutback. it may be tough to beat the numbers. will workday thrive when there are no mergers companies choose their software. ring central, did adobe deserve the rally? you need to take it case by case let them caveat the earnings with near term covid woes. and that sends them down the data center hardware plays like nvidia, amd, those could have terrific quarters because there is so much demand for their products and their stocks are still inexpensive. i have liked them and i reiterate that i like them now that's great also when we get the data center news for
6:06 pm
alphabet, for facebook, amazon, means there's strong demand. but alphabet and facebook, they may have strong demand but too much exposure crumbling advertising market eyeballs unpaid. i say go request amazon. or if you want more exposure to gaming and pc and data center you can still even up here by mofr microsoft. how about telco? own apple, don't trade it. if you haven't bought it yet, don't come in and buy it up 20 the downside could be significant. not don't own this one if you can't take some pain for me i'm happy to buy apple into weakness. i slewed tim cook for getting personal protective equipment. mark benioff got a 747 with ppe from china to hear is business the greatest source for social good? benioff, thank you with the essential of walmarxce,
6:07 pm
costco and amazon, most won't be able to whistle baft their debt covenants if they don't get the economy moving again i need you to look at the work of oliver chen a terrific analyst put up numbers last week they can bump up here. third quarter earnings conference call go up furththeyn they can go up further, but i'm concerned. now i'm worried about the spring will they have the big customers they usually get normally may would be gardening season for them. but maybe we don't have a gardening season this year i've had 32 years of gardening and i think this year could break the string i like to make stuff it's my favorite thing i do in life, but i've got a feeling there will not be, at least for me, a garden season. and it's everything. people don't like to invest in their homes during a downturn. it feels like an expenditure rather than an investment. that also makes me worried about home depot and lowe's. these are great companies. i want to tell you, go buy their
6:08 pm
stocks next to banks one minute they're buying back stock hand over fist at high levels the next minute they can't do their buy backs. that whole thing looks like they paid too much. the principal reason i like citigroup they decided to purchase 7 to 8% of their share year over year now it's a dividend. you shouldn't switch reasons why you like something even though 5% is nothing to sneeze at hard for me to feel enthusiastic maybe today's rally didn't help. to me the banks have gotten risky again. after this move up, even though they've already gone down a great deal we've been telling action alert.com members, i don't have much appetite until we see the earnings probably the downside. i like fin tech and pay pal and visa mastercard, these are sainted stocks captain even sell them up here one derivative, the home builders exploded higher, 15, 20% gains. i'm putting this in the are you
6:09 pm
kidding me category. finally, there are the industrials. there are so fuel of them when wall street starts feeling more confident about the global economy, the whole gruch flies higher if you want an industrial here you're betting on a rapid return to normal city with the ee kwon am i bouncing back in record time along with the return of auto sales, construction not going to happen. specious reasoning we don't need new buildings. stay at home office is the heart of the retail industry we don't need asmany retailers nursing homes, office buildings, movie theaters i don't want to own anything of that we need less oil and gas there is not anybody on the road don't bet on a quick industrial recovery bottom line, i'll become more sustainably bullish when there's more testing test, test, test, when there is less fear of getting sick, sick, sick and most importantly when the unemployment rate peaks which is why my charitable trust is
6:10 pm
putting money where it sold stock today, you know what, unemployment matters more than a potential peaking of the coronavirus transmission when we get a peak in unemployment, man, these stocks will be buys until then you're going to have to deal with the sell programs and deal with the buy programs but don't be fooled. we don't have actual stock pieg going on on days like today. let's go to david in ohio. david! >> caller: hay, how are you doing? >> i'm not doing badly at all, david. how about you? >> caller: i'm all right i'm gonna stay out of the way. >> caller: what's goi >> what's going on >> caller: what could a novice investor learn from this market? and should i look to invest short term or long term? and also what sector should i be looking at >> it depends on your time horizon. younger people should be looking at tech and biotech that's because they have their whole lives to make up with may checks what they may lose otherwise
6:11 pm
a young person now, i think you should be thinking about what tech do you really love. is it zoom or is it amazon do you like to use alphabet or do you finds yourself thinking, you know what, i'm worried about cyber security think like that. or do you think regeneron is going to come up with something for the antibody against the illness. but you should be thinking longer term. as you get older, you have much more to worry about. you can't risk being too crazy in the market and you have to scale back all right. the market rallied hard today, but i don't want you to get ahead of yourself. i saw a lot of index fund buying, not a lot of individual stock buying and, therefore, it's a little more dangerous to come in on top of it on mad tonight, the c.e.o. of zoom is saying he really mess tsed up as the company faces backlash he didn't duck the show. which stocks could get a boost from the millions of people working at home? i have a list for you. i told you most reits are in
6:12 pm
trouble here but some could be worth considering and they haven't really moved so 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. isn't just a department. it's a voice on the other end of the phone. a note to say you're on our mind. a willingness to come to you. the world and how we interact with each other is changing. but that will never change who we are at lexus.
6:13 pm
now, more than ever, you and your needs come first. find out what service options are available in your area at lexus.com/people first find out what service options are available i am totally blind. too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. to help you stay informed just say "coronavirus" into your xfinity voice remote to access important information and special reports from around the world. and to keep your kids learning at home, say "education" to discover learning collections for all ages from our partners
6:14 pm
at common sense media, curiosity stream, history vault, reading corner and many others. for more information on how you can stay connected, visit xfinity.com/prepare. the most obvious winner from the covid-19 lockdown zoom video communications it had a pretty tough week
6:15 pm
thanks to the video conferencing software many of us use zoom has become the face of the economy 200 million is huge. rallying from 87 when we spoke to the c.e.o. two months ago all the way to 165, the high two weeks ago. since then zoom has come under increased scrutiny, falling to 123 as of today. journalists, security researchers pointed out security flaws. competitive ring central, losing key clients like new york schools. what do we do with the stock that's gone from market darling to bat many ground in a number of days? let's check in with the founder and chairman and c.e.o. of zoom video to get a better sense of these concerns and find out what he's doing to win back his customers' trust welcome back to "mad money." >> hey, jim. i really appreciate it >> of course, you've been a delight. you've always come on and you're not willing to duck in periods when i know it's been difficult. you yourself have said, sir,
6:16 pm
that you can't afford to have this happen again. you can't be afford to lose people's trust so what have you done to make sure that doesn't happen >> yes, it's a good question, jim. when we built zoom, over the past few weeks we had new users. it was never expected. when we're working together with i.t. team, nobody takes a computer class this time a lot of first-time users, had he heard about zoom, they started using zoom, and we make sure they use security settings and firewall. the pass word, they were probably frustrated. we needed to enforce the security safety, privacy settings for first-time suesers. uh have you gone back to new york schools and said, we have
6:17 pm
fixed it come back to us. don't go to microsoft. we have the superior product and all your kids love it. >> so, you're right. over the past several days there are so many schools, they are working together with us directly we have a master account to manage all the schools to make sure every public school has security, too. over the past two weeks, we have passwords for all the schools by the fall i think we are seeing the process. >> okay. now, we had chuck robbins on last week. we also had ring central on. obviously they want your business chuck did mention that -- and you know cisco well, of course, that webex does have better security now, that's a heavy enterprise product. yours wasn't an enterprise product. now being blown out by everybody. can you risk having this weaker
6:18 pm
security than chuck when it comes to the big enterprise customers? >> prior to this crisis, we had lots of enterprise customers, right? >> right >> speaking about security, i'm aware of webex i'm in this industry for more than 20 years. look at cisco. microsoft before to support -- you cannot have users dial in. you cannot support a recording from a security perspective, i really don't see any big difference i do not think they are better unfortunately we become so popular. >> i have to disagree with you, eric cisco does not traffic through china. a lot of companies and a lot of individuals do not want our traffic -- i'm not talking about
6:19 pm
zoom cocktail. we don't want our traffic through china. is there a box we can check that says, listen, chinese servers will not have our information? because that cisco doesn't do. that is a big difference >> you are right so i want to share -- take a step back to share with you. by the way, on wednesday i have a weekly zoom webinar. so, because we have a global distributing center. you and i have a meeting here. it will never go to china at all. however, in extremely rare cases, you and i probably go to the data center -- the infrastructure, part of test in china. our data center come back. again, that's our data center.
6:20 pm
do you have the global distributor media architecture, we can do that this time was missed steps >> missed steps, fair enough now, this zoom bombing, i like the fact zoom is a household term we do all use it i was hesitant to be as critical as others because i am on this product five times a day and i never even used it until jensen wong told me at it when we were at nvidia. i also know there has been this zoom bombing it has not happened to me in any of my groups can we stop the zoom bombing can we out this people can you make it so they don't wreck -- terrible, terrible insults and miserable things you and i both would never, never want to have happen to us. >> jim, you're right
6:21 pm
i've been using zoom for almost nine years for meetings. i never saw that when you're working with first-time users, we enforce security safety. you need a pass word with zoom don't share your meeting with others in the meeting, lock the meeting. we have a lot of features built in, right. you can go further step in further security safety. learn a little more about our best practice. i think it should be okay. >> and you think the people will convert from free to paid when it's time? >> that's another focus because we really want to go back to -- >> okay. >> this is totally name of the game >> one last question do you need a belt and suspenders situation should you bring in somebody like a crowd strike, some sort of cyber security that everybody says, well, it's not just eric he's really got this thing buttoned down. >> you are right on.
6:22 pm
tomorrow, you see the zoom, a lot of our customers even though they check the security information officer, they all want to help us. they work with us for many years. they trust us. >> i totally agree look, i know you can fix this. you have made a dmimt to fix it and i know you you will fix it. i want to thank you for coming on you could have ducked. you could have said, listen, jim, i'm not coming on you came right on. i want to thank eric, founder and c.e.o. of zoom eric did not have to come on i sent him an email. i said, why not come on? boom, he comes right on. "mad money" is back after the break. thank you, eric. life isn't a straight line.
6:23 pm
and sometimes, you can find yourself heading in a new direction. but when you're with fidelity, a partner who makes sure every step is clear, there's nothing to stop you from moving forward.
6:24 pm
a partner who makes sure every step is clear, our retirement plan with voya gives us confidence. yeah, they help us with achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. you got to look at this period of mandatory social distancing as a learning opportunity. we keep hearing about new
6:25 pm
behavior what people do when they're working from home all day. as the state by state lockdown gained steam nationwide despite the big rally, how are people handling it? first we know about zoom zoom has taken america by storm. to the point they can't handleal the traffic without compromised security i don't know if they can handle the security by themselves cisco's webex platform does the same thing, but it has much tighter security which is why a lot of businesses prefer it over soon zoom we spoke to vlad on friday it's already embedded into a via's phone systems. zoom has them beat picture quality. but the stock is run up dramatically i don't know how successful it will be taking market share because zoom has become a verb in our whole country how about the cloud infrastructure plays that make all this stuff possible, amazon web services has always been a leader in this services. it's leading again now we need a tremendous amount
6:26 pm
of capacity to cover all the people who are working remotely. that's what amazon web services specialize in. i like aws built for this moment i think the stock to goes to an all-time high. the most straightforward part of the quantity is food people want to stock up the pantry i'm no different, by the way store up snacks. i was looking for potato chips we have all these things loo look like potato chips, but they're pita chips they're awful. one person's opinion the food companies aren't taking anything for granted here. they don't want to rely on a temporary surge in demand because they know the lockdown won't last forever i think this is more sustainable than they think. even when the lockdown ends people will be afraid to go out to restaurants which translates to more sales for the food and beverage companies the winners, believe it or not, it's one that we had on friday that was up nice and today should be up more. constellation brands they are killing it. the maker of corona, modelo fine
6:27 pm
wines, liquors, hard brands has seen a gigantic pick up in demand this was obliterated february and march because the stran restaurants and bars are closed from the lockdown. 80 to 95% of the beer is consumed at home when it comes to home consumption, constellation's brews are really the only growth offering i am so impressed by how these brands are doing especially the premium version. modelo especially they haven't rolled it out. they have a heavy debt load because they paid a lot -- a lot -- to buy this canopy growth there were two tranches. first one was a good price second one was way too high. it was still flying high if we legalize weed in this country, i expect canopy is going to dominate. constellation is getting $850
6:28 pm
million from gallo sell off of the nonpremium spirits business everything they do is premium. i love that because that means you can charge more and it' also better the new lineup of corona seltzers is a big hit. some people think they're late to the party i love one on a sunny day out in the summer if we ever get those in any more. at the end of the day quarantine doesn't make people stop drinking they buy their beer at the super market rather than a bar it makes it a terrific recession stock. now that you've seen the quarter, you can buy it. who else wins? conagra did impress me when we had them on with their results they're seeing tremendous strength in snack and dinner they stock all the chef boyardee that's a sign people stuck at home on convenience. frozen food is a bargain they're going after the brands of their parents we always had bird's eye and green giant. bird's eye is conagra. i'm guessing wall street doesn't believe the pick up is
6:29 pm
sustainable and the stock would be higher. conagra is not speaker next. it has spotty execution. but this is the time to shine. conagra is the middle of the store. maybe people never left it you know what else i like? i like snacks. when it comes to snacking, pepsi co. is king. thanks to its frito lay and quaker brands. we haven't seen the lockdown numbers because pep reports early. i bet they make a killing. this is it this is what my wife won't buy why? i mean, it's got 160 calories. i look okay. right? i mean, these are fabulous what about general mills i have to tell you, i was disappointed they spent so much time -- someone let me orchestrate their conference calls, please -- about the loss of haagen dasz foods in china. pet food made me want to buy chewy, not general mills i expected more from them.
6:30 pm
i think their business is in better shape than they do. the people running the company have a bad sense of show manship. you know when you have instead of mickey rooney and judy garland. not only the spam, but multiple plaf flavors, i did not care for the pumpkin base other brands, skippy they have major appeal i got this much of justin's in the pantry this much of skippy. my mom served me skip. plus it's great to know hormel had the 53rd dividend boost. not in the package food space. how about lee's hasn't come in at all maybe that's a sign snacks are on fire. the company also has -- gum has been declining i like it. maybe lower. you don't want the possibility of number cuts when picking a recession-proof stock. you know who is a winner
6:31 pm
mark schneider at nestle they have candy, pet food, hot drinks scores high here a remarkable company i wish it was listed in the united states. i would recommend it it hasn't happened how about the restaurants? domino's pizzas works because they spent years building out delivery infrastructure. they're a pioneer in contactless hand offs. i bet dominos comes out better than other places. it's sad, same thing with the retailers. we need that small business bailout money and we need it fast or else dominos wins by default. i believe in the bailout it's not really a bailout. i believe that helping small businesses, okay same goes for chipotle another chain that laid the groundwork for this moment by bulking up their take out and delivery capabilities, i think the stock -- their balance sheet is so perfect. when you look at the claps of the restaurants, especially the ones driefowning in private equy
6:32 pm
debt, they will survive this period other than retail, restaurants are the most damaged by the stay-at-home ee dikts. eventually it will rof, but companies might not make it. the ones that are down aren't the bargains you may think stay at home economy may be temporary, working remotely has so many advantages we might be witnessing a permanent shift in that direction that's why i like all these stay-at-home stocks for the long haul if you bought them up here, it may turnout to be they're not up here, they're down here, going up here. brian in maryland, brian >> caller: hey, jim. thanks so much for taking my call >> absolutely. >> caller: booyah from the state of maryland. >> we love the state of maryland, we love it go ahead >> caller: thanks so much. long-time watcher. thanks for your public service and keeping everybody level headed >> well, thank you and i like that under armour is doing some special masks
6:33 pm
they're a baltimore company. it's good that people step up. i have to get a special mask i got the more traditional one, you know okay >> caller: jim, here's my question i have a position in tyson foods. the reason i like my position is they have a strong balance sheet, they have a lot of cash on hand. they could weather potential recession if we got there. they have decent margins the other day they announced a $60 million bonus to all their front line employees truck drivers came out and said their demand is increased due to the pandemic and the consequence of food hoarding -- >> but it really didn't. see, brian, that's the problem i always talk about winners, charitable trust has good ones we did badly in tyson. we bought the stock for actionalerts.com we told club members, here's the deal now that we solved -- the two countries are getting along, china and the united states, they're going to buy our prince george's county they're going to buy our pork,
6:34 pm
it's going to be tyson the stock was cutback. it's been very poor at communicating which is one of the reasons it's a huge loss and drives me crazy. i wouldn't be surprised if the behavior that makes these popular becomes a thing. staying at home has advantages you have the one that's the best i'm trying to find bargains. the reit space, which ones are good, which ones i don't want. i'll reveal the names. is it time to use creativity when it comes to fighting covid-19 i'll take your calls, rapid fire, lightning round. stay with cramer we cannot do all the good that the world needs. but right now, the world needs
6:35 pm
all the good that we can do. to everyone working to keep america strong, thank you.
6:36 pm
6:37 pm
today was a real good day. you know, we're still staring into the abyss of bad headlines that are going to be coming up the next couple weeks. i want to get prepared to do bargain hunting the next time we get slammed. we're doing new groups there are some sectors where we are still getting real bargains. you know what, even after today. but you have to be very selective and they take a lot of work we did it this weekend, last week, i'll present it. the real estate investment trusts which are so hated. most reits are still untouchable here as i said at the top of the show, office reits, hotel reits, they're in trouble with the economy on hiatus with the economy on lockdown. hedge funds were borrowing money to buy reits they were doing this with action alert limited partnership. after the past six weeks they had to unwind that leverage which is one of the reasons reits are down so much when that happens, the whole group ends up getting hit. some real estate investment
6:38 pm
trusts to work here. especially the specialist reits that are not connected with retail and not connected with nursing homes. see what i'm talking about here is -- and these are small so you have to understand what we're talking about. alex andrew real estate equities we've had them on a couple times. crown castle international a cell tower company data center reits like core site, digital realty trust and equinex. none of these has particularly high yields, but they are all in a powerful secular growth theme. this should be immune to potential recession and i think that we are going to have a recession. so let's start with alexander real estate equities it's an office space reits that especially eyeses in owning science and technology which is a cluster. they're a landlord for biotech companies working on vaccines for treatment in the pandemic. office reits are going to be hurt particularly with the stay at home movement but it's unusual this is about pharma and biotech that thrives during economic
6:39 pm
downturns. that hasn't saved the stock the past month it's down 22% from its highs pulled back down by the group, okay it's better than the average stock but definitely not good. thanks to the dramatic decline, alexander real estate is down. it reported a strong quarter in early february and tenants aren't the kind of businesses that will go out of business during a recession the pandemic should trigger major government investment in scientific infrastructure so that we're better prepared the next time something like this happens. more investment in scientific infrastructure, we give a company like alexandria real estate equities a boost, it's a small name i'm looking for bargains after today. next up, a cell tower reit these are three big ones, i like them all based on the 5g wireless build out they're uniquely focused on small cell towers that facilitate basically known as the last mile of wireless
6:40 pm
service. these small cells are essential to the 5g roll out remember big secular themes is what i'm focused on. i like hsbc. they have no emerging market exposure crown castle is alltel domestic. don't get me wrong, all reit towers work. they have ironclad financing i like crown castle the most that said, even before the coronavirus outbreak there were signs the 5g build out might be pushed back a bit and global pandemic will delay things further. many conferences with deals get made were canceled so the narrative is damaged sooner or later the build out will happen. one problem with crown castle, it has 2% 3% yield stock is currently at the 138 range. maybe pulls back to the 130s, 2% blow off at the end of the day
6:41 pm
even after the run, i still like t-mobile i think it's terrific. my charitable trust owns verizon which is my favorite for income, okay follow along at actionalerts.com these are companies that own vast warehouses of servers that power the cloud. these stocks will pull back, but nothing about the outbreak hurts the cloud narrative. there will be more data enis terz to support people working from home. like zoom video. as i see it the data center is the best secular growth theme of our era. i won't try to pick one data enis ter reit in particular. i think they all work. you can do a lot worse in any of these names. a couple data center reits set themselves apart with connection capabilities they offer high-speed connections to the best public cloud companies like amazon web services or microsoft azure. they set themselves apart on
6:42 pm
this particular front. if you put a gun to my head and told me to pick a data enis ter re data center reit, first i'd tell you to put the gun down. even after this brutal market decline, you have to pay up for quality. that's a continual theme, by the way. stocks have gone down. look at walmart, barely down core site is the other leader in the connection it has all the tools to be a great data center reit, it has been an inconsistent operator. the company reported a disappointing quarter. it had the highest yield, 4.2% higher risk, it gives you some protection as for the others, digitally somewhere between equinex and core site, the fourth best performing stock of the s&p 500 during the first quarter i think it works there is a fourth big data center reit. we had them on a bunch of times. that is about take over
6:43 pm
speculation, i don't think it's worth the risk if you're looking for relatively safe stocks that can work in this environment, even after today's run, check out the specialized real estate investment trust not the mall reits, not entertainment. crown castle international that's 5g play data center plays. we had micron on last week how hot is data center the next time the whole market gets slaughtered, these are it in the meantime, i don't even mind if you start buying them right now. the specialist reits and the ones that can survive, and even thrive in this hideous downturn. "mad money" is back after the break.
6:44 pm
6:45 pm
when you look at the critical issues facing our world, what do you see? we see breakthrough medicines getting to patients in record time. we see harnessing natural gas unleashing the promise of clean energy. we see engineers simulating the future to improve today. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved.
6:46 pm
it is time it's time for the lightning round. >> buy, buy, buy >> sell, sell, sell. >> and then the lightning round is over. but not until we first introduce you to the newest addition to cramerica. this is olive spencer hugh sane. congratulations to our rock star producer katie and her husband greg we can't wait to meet the latest member of the "mad money" family some good news for once. and now it is time let's start with robert in arkansas robert >> caller: professor cramer. >> yes >> caller: a big booyah from northwest arkansas >> all right, razor back what's up? >> caller: professor cramer, i've been a long-term holder in a company called new residential investment, nrz. they've had considerable insider buying, but they've cut their
6:47 pm
dividend to a nickel can they make it through this awful -- >> we have so many companies that are boosting dividends or keeping it flat. we do not even need to tinker with a company that cut their dividend >> sell, sell, sell. >> now we go to roger in maryland roger. >> caller: it's been selling for two years, prudential. >> i don't want to own any insurance here they all have been -- yield 9%, what the heck? i've got to tell you, i'd be worried about somebody coming after me for business interruption even though it's some other government. they go after anybody. rob in pennsylvania. rob. >> caller: booyah, mr. cramer, how are you? >> caller: good, how are you >> caller: good. my stock, before i get to the stock, it's like a yearly low like $8. it was up all the way to like $41. is now a good time to buy chem
6:48 pm
course company >> no legal liabilities. i don't want to touch that i have problems with companies with no legal liabilities. how about bill in new york bill >> caller: hi, bill, how have you been >> i'm good, bill. how are you? >> caller: i'm great quest diagnostics. >> nice bounce back today. it was in atlantic magazine talking about how they didn't do the job on the test. so, of course, what do i do? i invite quest on to hear their side of the story. bob in new york, bob >> caller: hi, jim, how are you? >> i'm good, how about you >> caller: i'm good. you thought they would figure it out. i'm not sure he's done that yet. >> you raise a good point. now i'm looking real bad for thinking they would figure it out. it's not my job. i own this one in other words -- i don't own it, my charitable trust. i'm saying the mistake was mine.
6:49 pm
not bearry's the clock is still ticking i liked it at 20, now it's at 10 do i say i like it more? no, i say what the hill is really wrong here? is it an opportunity or not, i do not know. let's go to lori in pennsylvania lori >> caller: hi, jim, how are you? >> i am good, lori, how about you? >> caller: i'm well. before i tell you my stock, i just want to say thank you for everything you do. i want to tell you it goes fauci, gottleib, cramer. >> holy cow, the pantheon. the pantheon, thank you. dr. fauci has to step up he has to be willing to say, this is wrong, mr. president, he's wrong he has me going this way, this way. i can't take it. what's up? [ buzzer ] >> caller: you saved my family it's my father's 85th birthday today. he's here because of you
6:50 pm
i'll get to the stock. here's the stock i would like to sell exxon for brookfield infrastructure corporation. what do you think? >> you don't want to do either of those you're making life too hard for yourself you should be thinking about a high quality drug or food stock or maybe a technology company with a good yield and it's got good growth prospects much better and that -- thank you. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by t.d. ameritrade ♪ ♪ ♪ ♪ ♪ ♪
6:51 pm
aand we're here for you -ry day fespecially now,rs. ♪ doing everything possible to keep you connected. through the resilience of our network and people... we can keep learning, keep sharing, keep watching, and most of all, keep together. it's the job we've always done... it is the job we will always do.
6:52 pm
6:53 pm
i wish washington would be more open minded about ways to fight copvid-19 millions of americans want to help beat this thing, but they feel there's nothing they can do aside from staying home. they feel helpless we've seen this before in the battle against polio back then a nonprofit, the march of dimes, asked americans to donate money to pay for research millions of people mailed in dimes and that money funded the miraculous work of a polio vaccine. it wouldn't have happened without the march of dimes we need to do the same thing by making it easy for people to contribute that's why i'm adamant about selling a $trillion 30-year safe and sound bond perhaps with a 2% yield. the money will be used to make our people safe -- that's
6:54 pm
$500 billion and our economy sound, another $500 billion. we raise that half a trillion to build coronavirus testing sites all over america, testing, testing. everyone needs to be tested just like everyone had to take the polio vaccine. meanwhile, we also need factories to make protective masks and gowns because you can't rely on the global supply chain to get us necessities at a time of crisis we have to bring those industries back home the white house should also use osha remember osha? to mandate that everyone wear a mask when they're at work. we now know masks help them i m immensely in asia. we have a labor day agency if you go to the website you wouldn't know they care. they have a page or two. it's nothing like it should have osha should be insisting temperature taken at regular intervals like they do in china. my writing partner reminds me of that demand testing at every workplace where there is an outbreak osha, get involved
6:55 pm
how about making economy sound the best thing anyone can do to fight this virus is to stay home but a lot of people can't afford to skip work so we need a nationwide policy where we pay people to stay home believe me it's cheaper than if we keep bleeding things out. that's the $500 billion we need to work out this side of the equation paying people to do nothing -- they did it -- it seems counter intuitive. but we know that europe does it. it's easy for people to stay home when the government's covering the cost of their wages even when they're not working. just throw money at people then if they go out without a good reason, the police will hit you with an expensive fine that way we automatically bend the curve. we need a month of aggressive lockdown while we buildup our testing infrastructure oh, and we should also test for covid-19 antibodies so we know who is immune. meaning they can go back to work immediately, all right that's what we need. we need shoppers and workers
6:56 pm
we can't just make everybody stay at home who has the antibodies i know that paying people at home will be expensive but an aggressive lockdown now will save a lot of money later don't forget the bond market is desperate to give the u.s. money. the moratorium on rent and mortgage payments. make it retroactive to march to put it at the end. a 20-year, put that last month there. rent, 13th month health care, if you don't have insurance, uncle sam has you covered for the duration in normal times we allow the free market to handle the stuff, but the free market can't work its magic when the economy is in hydrogen bomber nation and government is closing businesses what's the alternative to a moratorium here? a more aggressive fashion. this virus has killed more than 10,000 americans why not take half the 125,000 men and i am wiwomen with medicl knowledge in the defense and army and have them help out in hot spots. they can't be worse than
6:57 pm
afghanistan. iment i am tired of hearing how the chinese economy built hospitals out of field cloth we should be able to dot same thing. ask doctors without borders for expertise if we're having trouble. cash units, the army can do it better than anyone we spent decades sending our military all over the globe. why not have them protect americans for once might be a nice change of pace let's kick these ideas around. sure, the market was on fire today. we're not licked yet we're in an unusual situation, we need unusual plans to get out of t. stick with cramer. ime. 300 miles an hour, thats where i feel normal. i might be crazy but i'm not stupid. having an annuity tells me that i'm protected. during turbulent times, consider protected lifetime income from an annuity as part of your retirement plan. this can help you cover your essential monthly expenses.
6:58 pm
learn more at protectedincome.org . mom! look! take something that can wipe you out? or don't, and fight through every second. new quick-dissolve nurtec™ can bring you back when migraines attack. just one dose can work fast and last so you can keep going. don't take if allergic to nurtec. the most common side effect was nausea. nurtec one migraine. one dose. onederful™ one migraine. one dose. our retirement plan with voya gives us confidence. they help us with achievable steps along the way... ...so we can spend a bit today, knowing we're prepared for tomorrow. wow dad, do you think you overdid it maybe? i don't think so... what do you think, peanut? nope! honey, do you think we overdid it? overdid what? see? we don't think so, son. technically, grandparents can't overdo it. it's impossible. well planned,
6:59 pm
well invested, well protected. voya. be confident to and through retirement. after i finish this show, i will put this right on it's a reminder of two things. one, don't touch your face try to keep the droplets away. two, that we're not out of the woods yet. we did have a tremendous furious buying of index futures just like we had a tremendous furious bout of selling of index future. it's not help i to be up 7%, not healthy to be down 7%. slow and steady wins the race. when we see that and we get a peak in unemployment, then i think we might have something going. but right now, remember, wear these. stay at home and watch the show i always like to say there's a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer our special with tyler mathisen
7:00 pm
starts right now

149 Views

info Stream Only

Uploaded by TV Archive on