tv Mad Money CNBC June 1, 2020 6:00pm-7:00pm EDT
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about the little yellow medal. how about the move to almost close to 250 today i talked about the dollars pulled back, and what that means for miners i think this move continues along with reflation in resources. >> that does it for us see you back here tomorrow at 5:00 mad money starts right now. my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you call me 1-800-743-cnbc tweet me @jimcramer. we have protests all over america, then many places turned into riots what does the market do? rallies. dow gaining 92 points, nasdaq
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climbing 8.86% how do we interpret the market is the market heartless in response to the plea of the protesters is the market making judgments about the difference between violent protest and passive resistance i know many people wish it would. they want the market to be part of the debate. they want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times we're living through. that's not how it works. the truth is the market's blind because it has no eyes it's deaf because it has no ears it's a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a younger generation of investors with hearts in their heads. i share the sentiment. for the most part people pick stocks because they're trying to make money
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we buy stocks at companies, good companies with good long-term prospects. mainly ones that won't be hurt by the protests, by covid-19 powerful long-term trends that will boost them no matter how the situations play out. to be crystal clear, no, the stock market doesn't care about social justice maybe you think it should. it's not my part but for the most part that's just not how things work you can say investors are myopic i'd say they're myopic because it tends to produce better results. classic example, china china's government is terrible you may be furious with china for dropping the ball on the coronavirus. the president is the trade war escalates to the point where it hurts american business t probably won't impact your portfolio personally i'm worried that president trump has gotten so hard line against china that it might jeopardize our special relationship with taiwan an obvious target this they want to escalate. it's vital to american
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interests. i'm concerned about what will happen to our companies that do tons of business in the people's republic nike, starbucks. starbucks had an announcement, it's all in line there's no new news there. of course, i'm always going to be worried about what happens with apple other than that, though, all this sound and fury about china simply isn't action. is it an important story of course. in terms of geopolitics, it's a huge deal. in terms of trying to make money, not so much so with that in mind let's circle back to the protests. from my perspective as a money manager what worries me is how this will interact with the pandemic i would never condemn peaceful protesters exercising their right to demonstrate and speak their minds at a time of sky high unemployment. you have to figure that the whole country is a powder keg. but we also know there is a deadly virus going around, and big gatherings are exactly where it spreads when you look at these videos, there's not a lot of social distancing and far too few
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masks. this is the mother of all super spreader events. that's why i'm concerned that we're going to get a huge second wave of infections far earlier than people hought plus the places where protests turned violent gives businesses another reason to shutdown or keep their employees working, working remotely from this stock market's perspective, everything that happened this weekend means the stay-at-home economy will last longer than we thought we have to hope it regenerates openings to put people back to work don't bet on it. this is an extension of the stay-at-home economy so let's think about the individual stocks and the stay-at-home trend let's circle back. sure enough they rallied today not because they're spitting in the face of the protesters, no, but because what's happening now helps their bottom line. so let's talk about the most obvious. let's talk about zoom. zoom video, up nearly 25 bucks today. huge advance of its earnings report tomorrow. out of nowhere zoom has become a $57 billion behemoth that's a major part of our lives. it's easy to use with a preemie
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you have business model. newly heightened security that curtails zoom bombing. it was the biggest winner from the lockdown if the lockdown continues for different reasons, it still woonz. zoomy lectures, it's all on tap. zoom is running today because there is a decent chance it might go higher after it reports. in my 40 years of nfrmiinvestina stock is up 13% the day before it reports buy high, sell high is a bad strategy, people in this crazy market anything can happen second, as crazy as zoom may be, it's created cyber vulnerabilities. it's easier to protect your network when people in the same building now they're using different machines that means there is incredible demand for cyber security software and the companies in this industry can make a fortune. the c.e.o. of z scaler, cloud based security play, he
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delivered a terrific quarter and the stock exploded higher. one of the year's best performers i wanted him on because in this market i knew z scale wasn't done going up. i wanted you to have it in your attention. with covid-19 spreading and the lockdown, z scale surge another 12%. you have to understand what the market is sensitive to as long as there is a huge level of enthusiasm for z scaler, opta, a cramer family favorite the averages will keep climbing. these cyber security plays were practically made for this moment, hence the cramer covid-19 index when people are afraid to shop and afraid to go outside, that means more customers for amazon. again, in this case, a likely set of key strokes to order something from amazon turns into more key stroke to buy amazon stock. ideally you want to send your money to small business. they're suffering right now. most businesses remain closed
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thanks for the nonessential designation, which drives still more business to amazon. hence its stock moved higher what else? we keep hearing about stock opening up what do you do every time you hear t you buy the stock, of course, of draft kings. surged another 10% today it's the only way to invest in the concept. is the online sports betting company really worth 13 billion? the question is irrelevant, people, to this set of buyers who take it up every single time there's news of an opening day anywhere who else wins it from the stay-at-home economy how about this one, facebook it launched a brilliant, brilliant initiative facebook shops to help small businesses operate online. they're the natural ambassadors for facebook there's something to turbo charge the company's growth rate when their core had business it's flying. finally the stay-at-home economy, the software lets you sign contracts digitally you don't have to go to a lawyer's office or bank.
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stock is up 100% for the year. i think it actually has more room to run. it keeps being discovered by new people put it all together, and it's not that the market is heartless, although it certainly has no heart it's a buyers are op liveious to the risk of purchasing stocks that have run and run and then run some more. you can say they're being reckless strategy, though, is making money. maybe it's some sort of discipline we don't know bottom line, at the end of the day, the market has no conscience investors simply trying to make money and that's why they're crowding into the stay-at-home economy stocks, as i keep telling you, because the stay-at-home economy just got a major extension for many investors, right or wrong? thoughtless or cerebral, it's worth exploring. i want to go to chucky in california chucky >> caller: booyah, jim, how are you? >> i'm doing good. how are you, chucky? >> caller: i'm great, thank you. my question for you is tesla i know how much you love tesla they're up like 7% in one day. that's great so my question could be buy or
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wait >> i think tesla goes to 1,000 we'll reevaluate it there. it does need adds. it's got a business that is about to i think take china by storm, maybe the united states not that strong. that german operation is going to be terrific so i am totally in the tesla camp let's go to luca in texas. luca >> caller: jimmy chill, thank you for taking my call >> of course >> caller: long-time action alert plus member. you made me a lot of money >> i am very, very excited to hear from you. what's up? [ cheering ] >> caller: the way things are going, my question is what's your thoughts on sky work solution right here for a three to five-year investment as a -- >> william griffin is fantastic. the 5g play is going to be multiple years it's also why i like marvel, had a great quarter marvl, you know
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because you're a member of the actionalerts.com club. i like skyworks very much. let's go to stafford in indiana. stafford came hi, jim, how are you? >> not bad, how are you? >> caller: i a massive amount of cash flow, i'm a little concerned about post coronavirus appeal >> i think dropbox is a lot like slack. these are companies people had said microsoft has decided to put them out of business and they're not going out of business dropbox is a popular product it's not going to be as hot. there are some companies like zoom that are really taking off. look, these are tough times, but for now the market isn't participating in that space. that's how we rally. on "mad money" i'm sitting down
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with the c.e.o. of one of the hottest stocks on earth, chipotle i'll get a read on its trajectory with gold approaching all-time highs, the yellow is back by momentum and the covid-19 shutdown but is the move long in the tooth? and my exclusive with one of my absolute favorite stocks, ulta after earnings to find out how the beauty business is changing because of the pandemic. 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 ado dmeyething he tmaon.cnbc.com. you doing okay?
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♪ what do we do with the stock of chipotle? it's kwun of the biggest winners in the shelter-in-place economy. when the pandemic hit, chipotle's stock went down to 114. we got behind it again we figured this team is so smart they would figure it out they pivot to digital ordering, mass market delivery, exactly what they needed to do, the stock is at $1,000 now it's at $1,048 chipotle had a magnificent run, a 65% gain, you heard me, 65 drive-thru chipotle, the move might be to take some profits, take a little off the table. we had a price target and it
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beat it. that said, i suspect this stock could have a lot more up side as it's become a trusted place to get food during a period of fear and uncertainty. but don't take it from me or my staff. we order chipotle constantly check in with brian nick all, the chairman & c.e.o. of chipotle mexican grill get a better read. mr. nickel, welcome back to "mad money. >> thanks for having me back >> it looks like second quarter estimates based on checks people are doing including someone at web bush this morning are indicating things may be a lot better than we thought even though they were already pretty good i know you can't talk about numbers specifically, but is there something going on that we should realize because it does seem there's a step function. >> you know, jim, you touched on this in the opening. we've been investing heavily into digital and we've been investing heavily into our people and operations. and bows of those things have
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served us well during the covid crisis and i think they'll continue to serve us well going forward. we've been cautious in how we've reopened dining rooms, but our hope is our digital gains will remain in really good shape while we start to bring back the dining room. and i think that's what some of the folks are starting to write about. >> is it really possible that your average unit could go up to 2.5 million? is that even doable? >> jim, i think it's absolutely doable it's been a target of this team from the day i got here a little over 2 1/2, yeah, 2 1/2 years ago. what we've always said on the team is once we get to 2 1/2 million, our eyes will be on how we go beyond that. so we're very optimistic with the access that we're creating, with our digital kitchens and all the digital access points combined with our food with integrity approach and the in-store customization speed, value, experience. we absolutely believe we can get
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back to 2.5 with our industry leading margins. ee one thing you skpiz donand i talk enough about. the franchise model, people fell in love with it for a long time. it turns out if you own the stores and you want to give people a 10% pay increase because you appreciate it, you cut them a check if you want teamwork, you huddle with your team this model may be the tested model in the tough time. >> yeah, jim look, i'll tell you, we're very fortunate that all 85,000 employees are chipotle focused employees and value the same values we have as an organization this idea and purpose around cultivating a better world, giving people access to food with integrity, it runs from my office all the way down to every general manager's office and the power of huddling this team together during this coronavirus crisis has been really amazing i mean, we already had great
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food safety and wellness programs in place. but i would get on the phone with 2,500, 3,000 restaurant general managers and we would talk about what we're going to do from a pay standpoint, what we need to do from a health and wellness standpoint on a monday. and i have to give these guys credit tuesday morning, they were already in action making it happen that's the power of our company culture and that's the power of frankly the great employees we have at chipotle >> i also think that it works nationally to be able to bargain. i mean, chipotle, the real estate investment trust was dubious of, but now they've got someone who they should pay you to be in there you bring traffic, brian and i know that you're able to negotiate leases but the fact is a lot of places need your traffic. and without it, it seems pretty dead >> look, jim, i had the opportunity to go visit a couple markets over the last week or two, and one of the things that was the highlight of my visit
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was seeing these chipotlians in action it's another action point. i ordered a kes a quesadilla ahead of time. i pull up to the window, it's in my hands, out i go, and it's pretty an amazing experience, especially for chipotle to get the quality of our food with the customization of our food, that type of speed. i just think it is zap a whole new access point for chipotle that people just are telling us they love. we got 80, 90 restaurants today. it's going to be a big piece of our growth model going forward for sure >> all right now, this was a tough weekend for a lot of different people in a lot of urban areas i'm from philly. there are two chipotles i love on walnut street please tell me they're okay. i know you lost a bunch of stores >> yeah, look, obviously these events have been tragic and it hurts on so many levels, you
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know fortunately, you'll of our employees have been safe we have had some damage to restaurants, but it's all damage frankly that we can patch up and fix, you know. i'm optimistic about our future and i think, you know, we6 have to address some of these issues that are plaguing this great country. and i believe we will address them we'll get back on with doing the right things for everybody and that's one of the things i love about chipotle. it's a company for everybody you know, there's such growth opportunities for everybody that joins our company. hopefully we're building the culture where everybody knows they're supported. it's an inclusive environment. we can truly get on with making this world a better place. >> i've always seen your place as a model of inclusion. last thing it's pretty clear that you guys have figured out a bunch of things that others don't a virtual prom
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i mean, you know, we threw my daughter's graduation party there. at chipotle. now you're going another level >> yeah, look, i have to hand it to our teams here. it is a group of people that loves creativity, isn't afraid to take some risks and be on the front end of it. the virtual prom i thought was just a brilliant idea, and they've done a lot of fun things around chipotle together we had gronkowski leading a workout. we had some country western singers doing some fun stuff over lunch yeah, look, i love the creativity that runs through our organization it really is one of the key values that we look for in everybody that joins chipotle. it shows like fun things like a virtual prom >> we care by the way, i don't trust the food chain as much as i trust the chipotle chain >> well, look, i have to really give a huge hats off to carlos
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he runs our supply chain group they've done a phenomenal job of keeping our food with integrity ingredients in stock we've had some challenges here and there, probably have a few more as we do reopenings for the most part, jim, we've been very fortunate to have the food that you crave, your team craves, and have it available for you guys sometimes a little food in these times goes a long way for people to get together around the table. >> it makes us so happy. if you were there, you would be like oh, my god, those guys are insane anyway, thank you so much for coming on, brian niccol, chairman & c.e.o. of chipotle mexican grill. good to see you. >> likewise, jim thanks for having me take care. >> i switch to the bowl. as you get older you have to make adjustments 9 bowl is -- makes me thinner than the burrito
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what did we do with the big cosmetics launching like ulta beauty in this incredible difficult period where we have a pandemic and civil unrest most locations were closed they told a terrific and encouraging story about investment in digital business and store reopenings they say the vast majority will be open by june and stock rallied friday this weekend came along, some of the stores were damaged in a couple different cities. that's probably why the stock got hit even though it caught a great upgrade from aaron murphy, piper sandler, great report. what does this turmoil mean for a chain like ulta? let's take a closer look with the c.e.o. of ulta beauty to find out more about how her company is doing in this challenging environment. miss dylan, welcome back to "mad money. >> thank you, jim. it's great to be here. >> it looks like the pent up demand for ulta stores as you open them up is just incredibly
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strong while your glam lighten gaugement is great, too. it's clear people want to come back and shop in the physical store of ulta. >> well, that's right. first of all, obviously it's been a challenging time for everybody. i'm thrilled that our guests are showing us that they really want to come back and engage in beauty so, as you know, we had to make the difficult decision to close all of our stores in march, and then we became an e-commerce business overnight our e-commerce team delivered with such speed to meet the guest demand, and then as you know we also opened up curbside a few weeks later. and calling it ulta beauty to go our guests respond pd tremendously well. the first 180 stores we had open in the first few weeks, their total sales were similar, very much a year ago, just different by channel, of course. so far so good it's early and as you know there's a lot happening. >> i thought what was incredible, i wish people knew
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how incredible it is you had those numbers without the stores most companies that have tried to do this have not been that successful >> well, there is pent-up demand for beauty we saw that happening. there's many, many weeks ahead of us to see how this unfolds. i'm thrilled about the fact, standing here today, we have about three quarters of our stores open for curbside, ulta beauty to go 50% fully open for retail. we've been taking it step-by-step, making sure that we're opening in the right way and making sure we're really caring about the health and safety of our associates and our guests so by the end of june we should have most everything open. >> one of the things that's pretty clear is if you're going to get a recession category that may be as close to recession proof, it is hair care, makeup, skin care. are you seeing that numbers just hold up even with an unemployment rate that's unimaginable >> well, i would say this. listen, ulta beauty has been
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around 30 years. we're not recession proof, but we've got a really strong business model we sell, we call it all thugs beauty in one place. masks, prestige, makeup to hair to skin care it allows us to participate and meet the guests where they are and what we're seeing is that when this whole thing first started with the pandemic, certainly people started to buy things like hand sanitizers and soaps. that was the immediate need. and then it evolved as you can imagine to do-it-yourself, do it at home kinds of products, hair color and nails and things like that then it evolved to a place i think was interesting, which is more about self-care and that intersection of beauty and wellness and self-care is very important we saw our guests really love to do things like do more skin care, do more hair masks, use more scented things in their house. so that's -- we took all those categories as people are going back to work, whether it's on a video call or not, certainly looking professional, doing your hair, do your makeup is an important
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part of the ritual that is happening. >> let's talk about the doing the video from home. as you all know, the great heese lauder c.e.o he said people don't care how they look on zoom. it's like holy cow, it turns out that they're looking at themselves, others are look at them and they have to get made-up. 300 million people on zoom have you seen some demand from that >> well, you know, i think it's early to say we've certainly seen skin care trends accelerate and makeup as well as people started to participate in the curbside pick up, it's relative to what we're seeing. it's early i think i've seen this anecdotally with a lot of folks. when you were doing audio-only calls, you could look however you wanted when it's a video call you want to present yourself in the way you would look normally at work.
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some of those rituals are coming back >> let's talk about the tragic events this weekend. i guess about three years ago you gave a talk at wall street journal. it was a panel and you talked about the opening of a store in hyde park. and you went there and you weren't happy with the representation of women there and you made some changes that showed you're well ahead of the way people are thinking about these things >> well, listen, at ulta beauty, we place such high importance in celebrating all the beauty around us in all forms and all ways people express their beauty and, yes, i feel as an industry and certainly as a company -- this was seven years ago now but we had some way to go to really represent the beautiful diversity of our country when you come into our stores today, i'm so proud of this. our general managers tell me this all the time. my salon managers. they say the images we show represents all women and men and
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people who are non-gender binary, people of all races and all ages, and that's really important. so for me i feel like we're doing the part that we can do to really listen to our associates and our guests and represent beauty in all of its beautiful dimensions >> you had some stores that were damaged. you've always been in all sorts of different neighborhoods how are those -- how can you bring them back online, how soon >> we certainly have had some stores we had to close over the weekend. just stepping back, we had a town hall on friday that i have every friday after the call. we had over 2000 people on the call because we did it all via teleconference and one of the things i talked about there was the unfortunate situation with george floyd and what that means to our employees and our associates and our guests we see the continued difficulties that exist, the combination of the pandemic as well as this issue that was really sad to see. and one of the things we talked about was we just need -- we're not going to solve it all, but we need to make sure we're a
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place we can talk to each other and learn from each other about how we're feeling about this now, vk said that, and we certainly support people's right to protest this went further over the weekend and many retailers unfortunately were affected. we're working hard together to bring back the economy, to bring back our stores for our guests and to keep our guests and our associates safe. we'll do what we need to do to keep our guests safe and our associates safe which means we closed a lot of stores to make sure they weren't in that situation. i'm sure we will bring these stores bark. it will be fine, but right now it's challenging >> well, look, i have total faith that you come to that june deadline maybe stores open up, it will be a huge year for ulta beauty. mary dylan, c.e.o. of ulta beauty thank you so much for coming on "mad money." >> thank you >> this may be a terrific time to buy this company's shares before they actually reopen. don't forget they have a aja gigantic ulta mates.
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you should go on the site, their rewards program which is the biggest in the country "mad money" is back after the break. ♪ ♪ at cdw, we get that trying to simplify data storage can get very complicated. but cdw will assist your needs and implement a dell emc unity xt all-flash unified storage platform. it delivers speed and efficiency, while providing simplicity and flexibility. for unified storage platforms, you need dell technologies, and it orchestration by cdw.
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♪ unemployment probably around 20%, serious unrest sweeping the nation, isn't it time to go all-in on gold i always say get gold in some form as insurance against economic chaos which is why it's been a great performer this year that's why we need to be care of the. cities all over the world are burning. it hardly budged today it's supposed to make you money in times of chaos. the fact that it did next to nothing today is not a good sign for gold of course, precious metals at
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$1,738 not too far from its all-time highs, what if you're late to the party? what if the rally is running out of steam to answer that we have to go off the charts with the help of carley garner who called it right the whole way. she's a brilliant technician co-founder of the carley trading, author of higher probability commodity trading and commodities expert get a better read on gold. right now gold has momentum. the shutdown has been good for the shiny stuff. but garner has been following the precious metal long enough to know it looks like what it looks like when a gold rally starts running out of buyers and that's what she sees here. the problem with gold is it's a feast or famine market you get joyous rallies like we had so far this year they're followed by agonizing declines which is what she's worried about. what makes her so concerned? garner has picked up a lot of mixed signals here first, this is an historical chart. not the price of gold. historical chart of the seasonal
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action in gold prices from the moore research center incorporated typically tends to trade sideways or go lower over the comer. in short, the seasonal pattern is against you through mid august garner points out gold prices tend to firm up in september, but a lot can happen before then to trigger a major correction. really major on the other hand, we have a weakening dollar that should give the precious metal a boost. usually does its a of priced in u.s. dollars. when the green back goes down, gold goes up check out the daily chart of the dollar index which measures our currency against a basket of foreign ones for garner one of the most remarkable things about the gold rally is it happened against the backdrop of a strong dollar. while the green back went higher, gold went higher, too, which is the opposite of how it normally works this time they were able to trade in the same direction because of the covid-induced shutdown which created all sorts of bizarre action. lately, though, the dollar has begun to weaken in part because there is less foreign cash
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swamping our markets taking advantage of higher interest rates. it's not that much higher than the rest of the world. zbarner expects the dollar to trade down the bottom of its range in the mid to low 90s where the trend line gives it a nice floor of support. if she's right, that's good news for gold so the seasonals are against you, but the dollar is on your side if that's the case, why is garner so concerned? right now take a gander at this monthly chart of the gold futures which includes the c ftc's commitments of traders or cot report this is one of my favorite tools out there. it tells you what large speculators, small speculators, and commercial hedgeers are doing with the given commodity what we care about is this group, the large speculators that's what matters. that's the money managers. and based on the data, garner thinks too many of them are bullish. in other words, the trade is getting overcrowded, always a bad sign earlier this year bulls set an
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all-time record with a massive potion of 336,000 contracts. according to the last report, that number came down to 238,000. after last week's buying spree, garner is betting the numbers once again approaching 300,000 in other words, we're getting close to a point where the bulls run out of fire power. when everyone is positive, that means there's no one left to buy. gold is not quite there yet, but at some point garner predicts the buying will dry up so how about the regular monthly chart of gold futures? let's take a look at this. okay, garner points out that gold has a ceiling resistance at about 50 bucks from here, near 1800 there's the ceiling that's holding it back. the buyers ran out of ammunition, precious metals will have a hard time breaking through that ceiling there's another ceiling at 1900 where gold peaked in 2011. that's kind of interesting, right? but garner suspects that's not in the cards gold has tried and failed to break out above 1800 since the 2011 peak. in short we're coming up against a ceiling that's held the
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precious metal contained for nearly a decade. i mean, that's -- this thing is a roof it's not just a ceiling. it's an ironclad roof. what else? garner pays attention to relative strength index, the rsi down here. it's an important momentum catecate indicator. it's nearing 75. gold is close to being overbought gold rallies tend to get overheated in the past she points out rsi goes into the 80s before gold peaks. it may be overbought now, but it could get overbought before this rally runs out of steam. that's especially true now that we had the weakening dollar i showed you zbarner is not saying you need to sell now. she expects gold could still have one more leg higher, but after that next leg, she recommends taking profits. gold is feast or famine kind of commodity. look what happened the last few times it reached similarly overbought in 2006, happened in 2009, and 2011 each time, whoa, we got a rapid
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correction gold plummeted 24% from its highs in 2006. it plunged 33% in 2009, 38% in 2011 put in perspective, similar break down from these levels means gold could go to 1200. put it all together, garner says you have to start lightning up here this is not the time to be aggressive while the gold rally could have some fuel left, the charts as interpreted by carley garner suggests we might have one final leg higher followed by what could be a devastating break down you might want to think about selling some gold into strength here after its amazing run i'm with carley on this one. philip in new jersey philip >> caller: hey, jimmy chill. >> yo-yo fantastic. >> caller: first time caller shout out to my dad in rochester who got me involved in investing. i want to ask about aly. i picked it up based on your recommendation at $55.
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the market dropped a few days later from covid news, the stock bottomed out mid 30. since then it stormed back into the 90s, approaching its all-time high after a great earnings last week first i want to thank you for the recommendation and next i want your take on the long-term picture for ali. >> i always like to give credit, okay matthew boss at jpmorgan was the one who told me it's time to buy ollie's. i was critical mark butler is ollie's i don't want to give that run back i say take a little off the table. will in new york will >> caller: hey, jim, big bo bountiful booyah from brooklyn >> hope things get calmer there. i understand the frustration how can i happ >> caller: acc campus communities, student based reit,
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housing for disney, very cool stuff, but i can't see them selling housing by the bed in a condition like this. furthermore, q2 only time you can show student housing, almost over if they can't show the income on assets, assets will get devalued, no new debt, you know the story. what do you think? >> i am not a believer in going to college and paying $80,000 and being able to come to school sometime and not others. so i am cool on this particular segment as i would be cool on colleges if they were stocks i feel terrible, but that's how i got to call it as i see it all right, gold has been incredible this year the charts break down, consider selling into strength, please. need better sleep? try nature's bounty sleep3, a unique tri-layer supplement
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>> announcer: lightning round is sponsored by td ameritrade ♪ ♪ >> it is time! it's time for the lightning round. rapid fire calls >> buy, buy, buy >> sell, sell, sell. [ buzzer ] >> and then the lightning round is over. are you ready, ski daddy time for the lightning round start with steve in tennessee. steve! >> caller: jim, thank you so much for all you do, my friend you taught me how toe make some dough in this crazy market >> good. what's going on? >> caller: listen, you taught me quality management team, solid balance sheet, these guys are a play in optical networks they sell their cloud in 5g telcos they compete with china's huawei what do you any of sienna, ciena? >> buy >> buy, buy, buy
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i need to go to shane in florida. shane" >> caller: boon in south florida. cgen, jim, is this a keep or a sell right or wrong pea it's a spec, it's a gentlemgenomic spec it's going to come under my i think it's worth it for a spec view let's go to jeff in colorado jeff >> caller: hey, jimmy chill, how are you doing? >> chill man's good. what's going on? >> caller: this is jeff green wood in lakewood, colorado outside of denver. >> couldn't be better. >> caller: i have a two-part question for you number one, about a year and a half ago boeing had those accidents and they dropped in two days it was 420 to 394 so i sold it. >> okay. >> caller: now, i took half that
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profit back then, and i'm not a stock expert, but i watch you every night for ten years. >> all right, thank you. >> caller: but my question is with that money that i lost in boeing, i'll try to get it back. >> okay. >> caller: i thought about a lot of things that i do have, most of them which i don't any more >> caller: and what stock is it? >> caller: i bought clorox >> clorox a is fantastic >> buy, buy, buy >> that is one of my favorite situations to be in and a brand that turns out to be uighbiggera they thought, going to europe. let's go to mark in wisconsin. mark >> caller: jim, thanks for the heads up on the stock, i believe it was switch. i bought some of that. the stocky got for you today is on semiconductor >> on semi, i think it's fine. i have so many better ones i have nvidia, i've got amd. i think those are both better.
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i think you should fool around with those that's not fooling around. that that's investing let's go to chuck in florida. chuck. >> caller: ba-ba-ba booyah, cramer long time watcher, first time caller hawk -- >> no, i don't like the demo demographic is mine. that's too old [ buzzer ] >> let's go to jana in california jana >> caller: hi, mr. cramer. my stock is cldr >> well, they did that merger. it's finally coming together i thought the merger was going to be instantly good so i was premature i think you have a winner there in cloudera. i need to go to cassy in new york cassy. >> caller: this is cassie from new york >> go ahead, cassie, it's jim. >> caller: i want to know about international paper. >> the problem with international paper is it's got know growth, and that whol industry has got too much
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capacity so i am going to say no to international paper. and that, ladies and gentlemen, is the conclusion of the lightning round! [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. mhm, yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything?
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♪ is helping lower income communities good for business? it's a question that goes beyond all truism, especially in the wake of this weekend's unrest. i'm going to give you some examples, recent examples we talked about, some over the years. first there's the p-tech program by ibm that gives inner city kids opportunities davis, the founding principal of the pathways of technology, p-tech told us, it gives them rigorous education to compete in
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an a.i.-driven world 200,000 students, chicago, brooklyn because this is a show about making money in the market, we haveto ask, can it help ibm? oh, it sure can. means they can hire the best of the best there are tons of incredibly talented people in this country who never get a chance giving them that chance is good for businessness of course, that's not why they do it. they do it because it's the right thing to do. another example is marvin ellison of the show, the c.e.o. of lows ooe's. i was struck by his note to his employees this morning tensions are been rising ased economic crisis has upended lives, so has the racism that for far too long has torn families and communities apart, end quote. ellison goes on to explain he glue up in t grew up in the segregated south and his parents grew up under jim crow he faces experiences his teammate is experiencing hence
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neighborhoods and communities. it's hard to think of these personal thoughts of money marvin doesn't go there. he talked about how lowe's is giving $25 million to minority-on the other hand businesses what else? target has had to close many stores, minneapolis, their hometown got looted and burned c.e.o. cornell put out a widely circulated note that seemed heart felt and to the point. he begins by saying, and i quote, we are a community in pain, end quote. he explains that target is doing everything it can to supply demonstrators with truckloads of first aid equipment, other necessities. not long ago brian took me to see a new target on flatbush avenue in a lower income part of brooklyn major retailers for years shied away from this area. they didn't think it would be profitable they thought the community was too in poverty brian read it the other way. he saw tons of hard working two-income families looking for
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a nice place to shop he bought two soccer fields. right thing to do. it offers one-third fewer sports than sportsteam than lower poverty schools. dick sporting goods supports, the chairman & c.e.o. will point blank mention his nationwide initiative to help kids from under served schools, school districts play sports. it's made a difference in the lives of thousands of young people in truth, there are way too many companies with programs like these for me to single them all out. i bring them up because bizarrely we live in a world where many c.e.o.s have become leaders in the fight for racial and social justice no, they can't indict, they can't legislate. they can't spend the kind of money that only the fed government has at its disposal but man, at least they're trying to do something. that's a heck of a lot more than business leaders used to do and many politicians do now. stay with cramer and don't miss crisis in america, a special hour with my friend andrew ross sorkin tonight at 7:00 p.m. eastern. at leaf blowers.
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which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. don't get mad get e*trade and start trading okay, give it a try. between wisdom and curiosity, there's a bridge. between ideas and inspiration, trauma and treatment. gained a couple of more pounds. that's good for the babies. between the moments that make us who we are,
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and keeping them safe, private and secure, there's webex. ♪ ♪ beautiful. ♪ after the close today, starbucks had an announcement, but it really was an announcement it was exactly what they were saying before, yet the stock is trading down sometimes that's worth some great opportunities. also i felt the chipotle interview made me feel they'll get the stock much higher. the% gainer wynn here and the end of the year, ulta, a fantastic loyalty approach, and i have to tell you some loyal customers. i like that story. i like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer, and i will see you tomorrow
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"crisis in america", tonight the problem's on both fronts, the virus. we'll get to the underlying issues, from income inequality, to questions of fairness on reopening the american economy. plus. >> my class had 1400 kids in it. there were nine african-american kids. >> the personal stories of ceos. >> it's been a roller coaster ride for the last 48 hours. >> and business owners caught in the
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