>> guy >> president trump's tweet about twitter was a mere bump in the road stay with twtr, mel. >> all right, that does it for us, thanks so much for watching and for voting on the poll 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 not hallelujah ♪ i'm cramer, welcome to "mad money. i'm trying to make you money my job is to educate you, cnbc or tweet me @jimcramer nothing is more exciting than the catch-up trade which is what drove today's terrific action.

dow surging 461 points, s&p gaining 1.21%, nasdaq advancing 1.31%. the s&p up for 2020 now including a 47.5% gain from the march lows i'm repeating that, a 47.5% gain from the march lows. all of the airlines, aren't that he mazing? they won't quit. some goes for the cruise lines, the hotels earnings who needs earnings bother me later. the casinos are on fire. who can resist now that they're open again oil's warring. the price of crude up 75 from that bizarre bargain, take some will you, this is a v-shaped recovery like this, and then there's boeing, up more than 150% from its lows in march. 12% move today the biggest winner of the dow and best month ever can you imagine, humor me for a second, could you imagine if they got some orders it all makes sense even if this run all the recovery stocks are

low, so they're off the highs, and that's why it's easy to see why they're so irresistible since we have no faces here. >> buy, buy, buy >> and any earnings can spoil the party but there are none that said, the recovery rally is exciting as it is and i watch it and i see the guys on twitter. there's some people having the time of their lives. i love that, the lamp shade on their head thing okay, but that's not what is responsible for the historic run in the tech-heavy nasdaq which hit a new all-time high today, yeah, all-time high, different from the airline stocks or the oils that are bouncing or the department stores or the cruise lines or a bankrupt rental car company. i bring up the phenomenal move in the nasdaq because i thin it's more representative of this market than the endless rebound in the hospitality and travel stocks in response to the reopening of america

we'll go through some of the biggest winners so you could understand these are the stocks that empowered us higher and first, nothing like it, apple. it's up 13% for the year what happened here i hate to say i told you so but in the middle of march when analysts were fretting that apple's best years were behind it, i told you to stick with the stock because of the bountiful service revenue stream i said repeat after me, own it, don't trade it i was ex-coriated by the fools who love to hate apple posers when people who are stuck at home with nothing to do, they go online and amazon and apple stores, according to morgan stanley's katie huberty who has the pulse on the company, apple's revenue has seen a spike. in a year afraid to touch cash or hand over credit cards, keypad or shed or apple's pace contactless technology has become a necessity

honestly, don't you -- i carry purel with me and then i start carrying my apple pay. best of all, the work from home movement forced a lot of information technology departments to start supporting apple's computers, what many people have at home. they like apple. they're stuck with the other guy at work. apple has a great phone and laptop is good for zooming they've been locked out of the enterprise for years and that's now over second, this is softy, microsoft. joseph bennett, microsoft's azure cloud business is a standout, the cloud is the way for most people to operate they've had a remarkable run thanks to the ceo satya nadella, talked about how the pandemic has given us multiple years of ding i digitization in the span of a month. third place, shocker, amazon

we're hearing about $3,000 for this $2,500 stock. i find that plausible if not conservetive amazon web services is not growing like it used to on a percentage basis, that's the law of large numbers, even more important amazon is the undisputed dipping of the stay-at-home economy once you're hooked on amazon it's hard to go back to the mall even as the mall stores and reads are rebounding from oblivion part of the trade i keep telling you about, like i don't know, renaissance. after every storm, after every flood, after every blizzard amazon picked up new users the pandemic is probably the greatest single driver of traffic in history don't forget to leave your boxes out for 24 hours to prevent covid-19 from getting into your house that, wives tale is something that i do, i don't know number four might surprise you, facebook how ask thdid that happen?

maybe it's not hated anymore it's orientation facebook gone from a company pummeled by the media to beloved by small and medium sized businesses especially now rolling out facebook shops to facilitate e-commerce. they don't know how to deflect like they should because mark zuckerberg has to pay more attention to business customers. if i were him i'd use this moment to roll out a $100 million grant program for minority-owned businesses which often operate in areas with suboptimal internet access and have been hurt by the protests do it, mark, part of your legacy, $100 million, minority-owned businesses. five alphabet the parent of google did report a better than expected quarter but other than that the only things that continue the success of youtube and cloud division under the leadership of thomas kurrian who vowed to catch up to amazon andabet has an enormous l

addressable market and kids are at home doing schoolwork and it used to be forbidden to use google but now what are they going to do? you're at home they can't tell. ran barron will be on "squawk" and crowing about tesla for ages he might take the stock to 1,000 all by himself tesla has a new plant in shanghai and germany they can sell every car they produce. periodically you hear worrisome stories about discounting, i don't believe them presuming he hasn't changed his mind which is highly unlikely. one of my twitter followers i love every one of you, some of you are unhappy, i know that they think i waited so long, too long to start pounding the table. i did. i waited 700 points ago. yeah, you only made 700 points sorry. jimmy chill says i love you.

malice toward none p lincoln seventh, check out the last one from nvidia, the chip company. this was the earnings report you would have expected them to deliver in six months maybe. every line item was up xwep chips for self-driving cars. the strength here well it's all about speed. ceo jenson wong has come up with a new chip architecture putting the competition to shame it's like horse and buggy, man anyway, speed, artificial intelligence, it's all there, including my dog who answers to the nvidia if of course you have a peace of steak in your hand. number eight, paypal, has taken 2020 by storm as the most convenient way to pay for things, with honey, the way millenials save on shopping for venmo, use emojis or vanilla paypal, this juggernaut is the same as the apple pay story. ed risky to use.e cash and a bit of a mystery, intel. i think intel has got on the list because the stock was cheap

and the company has been selling chips to big chinese companies worried about being locked out of the american market and i bet benefits from the flood of new money coming into the market a polite way of something it's nothing special. brutal judgment but i haven't seen good numbers. finally number ten in the nasdaq is cisco i didn't see the big upsize coming the quarter was super charged by webex and cisco's alternative to zoom execution from chuck roberts, he did a great job. what have we learned from the stocks leading the nasdaq higher i think they tell us that old dogs can pivot to new tricks they're not giving you huge gains right now like the down and out recovery stocks, think the bankrupt herd surging from 257 to 553 in a single session, balance sheet horrendous, it's not nickel exploding higher like i said it could do last week as i told you ultimately sell to the strength it's not the roaring response to stunning unemployment numbers that show america open for business it's not any of the airlines or cruise lines or oil companies

which get gunned daily the bottom line the strength of the nasdaq's real simple, it's about faang, the power of faang and france, which as i've been telling you would be some of the most consistent winners since the market bottomed in march the high-quality tech stocks are great long-term investments whereas the recovery stocks everything from carnival to united to macy's and norwegian and delta are trades that the genius millenial, gen-xers and degen rat gambles have mastered. mitch in new york, mitch >> caller: thank you for taking my call. >> of course >> caller: metlife up approximately 18% from their last earnings closing today at $43 with a dividend yield of 4.3% and it's 52-week high of $53.28, would you recommend purchasing additional shares of the company? >> i think metlife's okay. i'm not going to rave about it not bad, not great

i think it's an okay company 4% yield, i don't know not bad. i can't rave, not in this market i prefer morgue. stanley morgan stanley at 50. valentin, california >> caller: my 11-year-old grandson loves to invest >> caller: boo-yah jim, i've been investing every month fort the last year. i am thinking of setting my position because i believe it has a lot to do with coming out, what do you think of activision? >> of acti vision? >> caller: yes >> no, take two has more upside, didn't have a good quarter last time and new nfl product and nba2k, do that, 11 years old, it's okay. pivot and go for take two.

i don't have to just agree but i love 11-year-olds. that's some of my biggest fan base, because you should see out of the 11-year-olds now in their 20s and in robinhood and whamming and jamming and trading, whiting petroleum and hertz and everything, royal caribbean, whatever. listen guys, even though i love royal caribbean and by the way, mr. del rio knows that, and i was going to take the del rio cruise, didn't happen because of covid. it's all about the power of faang and friends. these high-quality names are up huge from the markets lows and solid long-term investments. on "mad money" tonight the summer of the rv even trump is thinking about traveling from d.c. to new york in one, airstream, what do you think? how is the company like thor industries performing, estimated increases, great quarter, we'll talk to the ceo and the full employment picture and finding out what could be next in tonight's off the charts and could sorrento therapeutics

covid-19 cocktail drive the stock higher i've got the exclusive so stay with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question, tweet cram cramer #madtweets, send jim an email to madmoney@cnbc.com or 8074 us a call at 1-0-3-cnbc miss something miss something head to madmoney.cnbc.com. what do i need from a partner right now? an insightful outlook that comes from experience navigating m bear marke. can i find a partner to help guide me through this uncertainty? with capital group, i can. talk to your financial professional or consultant for investment risks and information.

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companies thor industries reported a spectacular quarter, a modest revenue beat coupled with a huge earnings beat. wall street expecting them to lose 25 cents they made 43 cents a share and management incredibly positive commentary business is better since april and huge influx of first-time buyers, rallied 11% today. from $32 at the bottom to $is 00 $100 on friday let's look at bob barton the president and ceo of thor industries to get a better read on the quarter and where business is headed welcome back to "mad money," mr. martin >> jim, thank you for having me. always great to be back. >> all right, so i'm in the so-called at-risk group as are all of my friends, we all graduated at the same time from high school, college and we don't want to stay in hotels you know how our friends are getting back and going places? how do you think >> rvs >> isn't it unbelievable

that's what happened >> it is f >> in the middle of march, no more planes, no more hotels. this is your time. >> you know, jim, it's a common theme we've been hearing from our dealers, from customers, friends of mine, the same way that maybe never considered the lifestyle but they needed a place to get from point "a" to point "b" and the rv is the safest way to do it with your own bed, own bathroom, own kitchen, easy to drive, and you really only have to stop to get gas. >> it is incredible. the same thing now, i haven't even talked to you since europe, it's got to be the same thing there. >> very similar. just about a month ahead of us, but the irwin hymer group we brought them into the fold last year and for them germany is the strongest market, and it's still very, very popular caravanning and people were literally calling waiting for the dealerships to reopen so they could get their units in europe.

so very similar to the u.s >> now, one point when things got a little tough you had a quadruple whammy, you had labor costs in indiana skyrocketed you had raw materials skyrocketed. you had gasoline go up and you had people saying well i don't know, this thing has gotten expensive. it looks like everything is going your way now, bob, isn't it >> you know, right now it's just the lifestyle, something we've been pushing and you have affordable gas, you've got people that may not want to cruise for a while, they may not want to fly for a while and they look at this lifestyle as a way to self-isolate, spend time with your family and a lot of people we can't leave the country i can't leave the country right now and so it's a way for us to enjoy the united states and europe it's the same thing. they're enjoying more of their homeland and we seem to fit the need now >> at that point, my 24-year-old daughter reminded me, dad, it is the least expensive way to see

america. >> it is i remember your daughter i'm waiting for her to buy an airstream. >> she is going to she wants to remake it to be able to make a kitchen, a mobile kitchen to be able to sell product like cupcakes. are people doing this? she claims to me people are doing these things >> yeah, if you look at, there are several websites out there, rv fixer-upper flipping nomad that they're buying rvs older and refurbishing them, not just airstreams, but that is another fad, van life, so there are people that are buying older ones that are redoing them and people don't have time, buying a new unit and they're going out using it as a workplace and a new things that people don't want to stay in hotels but still have to travel, they might buy a little unit like this, that is comfortable, has a good work space and companies are

encouraging it >> how about that labor situation? you have 1% unemployment making before we never want to see anybody lose their job but you are okay now to try to get workers, right? >> right now it's coming out of you know this pandemic, was a hard stop and so a lot of people were out of work but our labor force, i was there the first day when we opened up the factories of keystone and 99.5% of the workers came back, so we were really encouraged to see that, but as we see this growing, we're still many of our factories are still looking, still trying to hire more. >> and i like this new tagline, go everywhere, stay anywhere that's another one my friends, when they look at where they're going to go in the country, they isolate the campgrounds of where they can go, of which they're everywhere we still need those four-star campgrounds that you talk about. >> and there are some of the four-star campgrounds throughout

florida, throughout michigan, but there are also trends of people boondocking, camping off grid in small units they may not use their air conditioner. it's what we learned in europe, people camp that way within a city some of the smaller villages in europe but they don't use an air conditioner or generator, they're using it more simplistically and that's where we're using a lot of that knowledge and technology here in the u.s. to build products that are much more similar to a european product such as the cabinets are made in italy and you walk in, it doesn't look like a 1970s rv. this looks like a contemporary -- >> also looks like and i know in europe you have to do that, more sustainable. >> yes i mean that says part of it, we launched our esg program at our investor day last october, and we have many initiatives that we're conscious of everything that we're doing, and we want to have a smaller footprint on the

overall world and an rv historically is just that. we use less water. we use less electricity when people need to go camp just because of the electric system itself it's very important to us. >> when it got down about what were you thinking when it got down to the 30s? i mean, it was just so much a crazy time you never lost faith, though, did you? >> no. as we talked to our investors and we have a lot of long-term holders, and we would liken it to 2008-2009 we can really lever up and lever down our company, and the highly variable business model is true and we pulled back hard and come through this extended period and to have a quarter that we were shut down essentially four to six weeks and still profitable, that showed people our business model that peter orbstein is

very proud of for many years, it works and it's something that we stay true to >> i want to congratulate you. you have the best product. you always have the right game plan and now is your time. bob martin, president and ceo of thor industries, great to see you again, sir >> thank you, jim. >> okay. look, this is one, when it gets right, it doesn't just get right for this amount, it gets right for a lot more "mad money's" back after the break.

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the economy seems like it's reopening much faster, even the bulls expect it. the nasdaq's making new highs. the s&p 500 back to where it was trading in december, only a few months before the pandemic got rolling. this is amazing. if you're declined to be skeptical this feels too bood to be true, believe me, i get the market has a huge run. every stock in the s&p 500 is up over the last ten weeks. that's extraordinary can it keep going? we need to take our emotions out of the equation. tonight we're going off the charts with larry williams, legendary technician who has been trading futures, commodities and stocks since i was a little boy williams has written more than a dozen books, own website, ireallytrade.com he created a slew of technical indicators many named after him and most importantly the last time we checked in with him near the end of april, what a call. he knocked it out of the park. at the time covid-19 was raging, killing thousands of people a

day in this country while the averages have been rallying off the lows for a month and futures still bleak but williams made one of the boldest contrarian calls i've seen. he predicted we'd have the coronavirus basically under control by mid-may and the economy would be able to reopen. i was skeptical. williams nailed it both wall street and main street seem to agree that the virus has been contained, though health experts warn it could still flare up again yes, still as far as the stock market is concerned, we've got covid on the ropes the economy reopened as planned, maybe even faster and all the down and out stocks that got wrecked during the shutdown have come roaring back. quibble over the details but if you traded with williams, you would have made a fortune. i can't argue with that. with that in mind what happens next what does williams think particularly about unemployment? okay, first take a look at this chart showing the four-week moving average for initial jobless claims, going all the way back to the 1960s.

every time these numbers spike you look at a recession. williams points out near the end of a recession the initial job claims start dropping precipitously. let a's go to the next chart now let's zoom in. this is a zooming in on the four-week moving average from initial jobless claims over the past year. we've just had a truly dramatic drop, with six consecutive weeks of lower initial unemployment claims maybe that should have been a giveaway about last friday's incredible labor report. williams decided to look at history. what happened in the past when we've had six consecutive weeks where the four-week moving average of initial jobless claims went lower? all right, first okay it happened in the 1970s. yes, and 1970 recession. we hit six consecutive down weeks that june. so what did it mean for the market next look at this check out the chart on the dow jones industrial average 1970.

by the time we reached the six-week the market had barely begun to rally i was 15 years old but williamsers are the period well. the first half of 1970 was absolute killer. nobody knew for sure it was over by the time we crossed six weeks of lower initial jobless claims the bear market was over and stocks came roaring back next we had two recessions in the early '80s thanks to paul voelker fed chief who destroyed the economy to stop inflation in 1980 and again in 1982 this is what he did. take a gander at the action of the dow during the early '80s. we hit six consecutive lower closes from initial jobless claims in july of 1980 all right, you see this. more importantly this was the big one. this is when i started in business on wall street. september of 1982.

williams points out this is clearly a bullish development. 1980 came later in the stock market's recovery and the stock rallied more than 10% but in 1982, this is where i get started here, sometimes it's better to be lucky than good, huh? it was fabulously positive while we already had a monster move higher, the dow was getting started. this was early in what became one of the greatest bull markets of all-time. woo! okay, next how about more recent history? specifically the post 9/11 recession and the financial crisis got a good look at it? all right. here is the action in the dow from 2001 through 2012 we're all probably familiar with this period. coming out of the dot-com implosion jobless claims declined for six weeks in a row as of june of 2002 coming out of the financial crisis we got the same thing in may of 2009. in 2002 the big decline in

jobless claims actually happened not long before the dow bottomed as for 2009 the four-week moving average of jobless claims williams down six weeks threshold, okay, in may roughly two months after the generational bottom in early march and that was it. that was it. generational bottom, wow really amazing all right, putting it all together williams believes the recession which officially started in february is now over and that's why the signal is met in every single slowdown since 1970, makes it powerful that america is getting back to work. you're looking at what can happen again and that's what people are not understanding, it has to do with the jobless claims i think there's a very good chance he's right although this particular government slowdown is a weird one that may not be as analogous in the past for one thing, we've already

repealed the last of the losses in february and march. 13% unemployment is bad and the nationwide police reform protests are still going strong though in the last few days the protesters and the police seem to have gotten a little more chilled. when you look at the demographic breakdown in the job numbers white unemployment around 12%. african-american unemployment close to 17% the kids like to say that's problematic. none of the negatives have prevented the stock market from soaring. my biggest fear if covid-19 comes out again, if some states go back into lockdown it could stop the rally in the tracks although i hope they never do that lockdown again even though it did well, they closed so many businesses because they said they were nonessential maybe they never open again but the bottom line for the moment larry williams is the dean of technical analysis, suggests that the recession is over, the economy is making a comeback and if history is a guide, stocks

will have more upside as much as i hate to chase. williams has nailed this rally, keep in mind, every step of the way and the cruise ships, i know, the airlines, the travel, the casinos. you can't keep them down, not to mention tesla. mark in new york mark >> caller: hey, good long island boo-yah to you, jim. >> been there last weekend, boo-yah. >> caller: i've made monthly contributions and reinvesting old dividends in verizon stock, jim, for 20 years. it has a reliable dividend and certainly a safe play, i did it for college savings but the growth's been weak i want to know if my patience is going to pay off with a bump from 5g or should i keep expecting a 4.5% dividend and 0% to 1% growth going forward >> my travel trust owns it i'll talk about it on a thursday club call and 11:30 i want some income i don't -- you're not going to shoot the lights out with that stock but boy, do i love income

in an era where income's hard to come by. this is not rokur beans that could be up seven points in one day but gives you a reliable return and that's why i think verizon is a good one. robert in new york, please, robert >> caller: yo, yo, jimmy chill, how are you? >> the chill man is back with the tomato pictures and zucchinis. what's going on? >> caller: shout out to my wife, my partner in crime. >> of course >> caller: my question, jim, i bought a budget two and a half weeks ago and the stock is soaring. >> yes >> caller: it's going up, up, up so do i sell or do i hold onto this >> okay, i'm watching the stock of hertz, by the way, the bonds are trading so low that i can't believe the stock is at five but they have running it and gunning it i think that that really leaves avis in the sweet spot you've got more, i would actually let avis run. i know no one wants to hear this but the hertz bonds are saying the common stock was worth

closer what carl icahn did when he sold it under one who am i to spoil the party? the party is on. i just like to leave it early. you never want to be the last at a party because you're a loser goodness, the charts of the stocks have more upside, i hate the chase but i hate to disagree with larry williams so i want to stay long and my trust is staying long much more "mad money" ahead. my exclusive with sorrento is the stock worth considering as the covid-19 antidote potential to gaining ground? fast traders are going after the airlines and the cruise ships. i'm trying to make sense of why and how and i don't want to you get hurt i want to you make money and rapid-fire calls, the lightning round so stay with cramer.

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there are tons of tiny biotech companies working on ways to fight against covid-19 so many it's actually hard to tell which ones are the real deal that's why i always try to shine a light on these smoking hot speculative plays especially ones that seem legitimate, maybe can cure the darned thing which brings me to sorrento therapeutics, uses antibody based technology to come up with treatments for cancer, for intractable pain, auto immune conditions and now covid-19. specifically the company has two different antibody therapies that have shown the ability to completely inhibity covid infection in a laboratory setting, they could work as a treatment and a prophylactic assuming the drugs work in humans than test tubes when the first announcement came in may the stock zoomed from $2 and change to nearly $7.

more news on the second compound on friday, the stock surged nearly 15% today after this month it's down substantially from its late may highs thanks to the rotation out of pandemic stocks into the recovery stocks. i want to know if the guys are on the right track which is why we're checking in with dr. henry ji, the ph.d. co-founder chairman, president and ceo of sorrento therapeutics. for more about the company and the profits they're making, dr. ji, welcome to "mad money. >> boo-yah, jim. thank you very much, from san diego. >> thank you so much, sir, it's great to see you so tell us where you are on the progress i know you've made a couple of announcements and if these things pan out they could be in the arsenal of what we can use against this disease >> yes, from the beginning of the year we tried to search or design a potent antidote against covid-19, so there is many approaches to it, and one of

them is neutralizing the antibody we have one of the most powerful st1499 anti-body from our human antibody library, one out of the billion, and we screen, we test it in the healthy monkey cells and that prevents the viral infection completely and we designed from the early of this year the protein using human receptor for the virus, which is the ace 2 receptor that receptor has become a decoy, when you separate from the cells on a cell and we designed it and synthesize in the lab and that decoy demonstrates also complete prevention of viral infection in the individual setting which makes us excited

now we have a potential antidote against this covid-19. >> doctor, where are we in terms of human trials? >> we are about two othree montto three months away, putting all things together including the chemist chemistry, manufacturing and the controls together so to supply the document for the fda and hopefully the fda consent and the human trial studied. >> have you done any papers so we can read about it so we know more, maybe some, where you have clinicians talking about what it can do >> yes, we actually write up a multiwhite paper, and submit to the government agency. meanwhile we are preparing the manuscripts with our academic collaborators and try to publish the data as soon as possible >> okay, so if you're a couple months away, tell me the process. is it the fda gives you the signal that, i mean are we waiting on the fda to be able to

start human trials >> yes, we actually are now waiting for fda. we prepared the documentation, the manufacturing materials and we already got some of the guidance from fda, knows exactly how to get into the human trials so right now, we are preparing the cjmp manufacturing materials for treating the patient or testing in humans. >> okay, so i know it's very expensive to do these trials, and i do know that back in march, there was some concern about how much money you were able to raise to be able to do these. have you been successful in doing so, so there won't be a situation where sorrento kind of runs out of money while they're doing the big tests? >> no. jim, we have been in business for 11 years, since the inception 2009, we have raised over, through the equity market,

through the collaboration with partners we have raised over $1 billion. we know how to get the funding for our programs, and we have many ways to do so, and we are exploring different ways with the potential partnerships and the potential government fundings as a partner, with the government, so there is a lot of ways to fund the operation and make sure we get the things across the finish line >> excellent i would be remiss if i did not ask you, i'll mispronounce resinotox resinotoxin, a novel analgesic dial back the osteoarthritis pain this would be a miracle, sir you have the trial going this would be the thing that we all hope for >> yes, that's actually american drug which is published by scientific america journal if you search, you want i can

send you the article it's named as a potential american drug called resinoferatoxin. we went through the trials with about over 100 people in two settings, one is osteoarthritis and one is end stage cancer pain, intractive cancer pain and this lass to be emphasized this is not all pain management and the potential to reduce the dependency on the opium consumption. it's a huge deal and we are exploring this drug's possibility for covid-19 we have animal data that shows it's very active against acute respiratory distress syndrome or ards and we have beautiful animal data right now. we tried to get into humans very quickly. >> i sure wish you best of luck. family members have been hurt by both of those. so it would be great to see, and

look, i wish you tremendous success in this. it's really important, okay, doctor >> thank you very much, jim. i watch your program many often. >> thank you, sir, dr. henry ji, chairman and ceo of sorrento therapeutics they have more than one shot on goal "mad money" is back after the break. >> tonight at 7:00 p.m., taking a risk meet one man who volunteered to get injected in a vaccine trial. plus taking mass transit now that new york city is open again, and is it safe to go swimming at your local pool? all tonight at 7:00 p.m. with scott wapner dear fellow business leaders and technologists, i see all the amazing things you have been doing. you arming business models,

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it is time, lightning round. >> buy, buy, buy >> and then the lightning round is over. lightning round, andrew in florida. andrew >> caller: hey jim, thank you for taking my call >> of course >> caller: shout out to my friends and family watching. >> all right >> caller: jim, i know you have the king identity ceo on the show a few weeks ago >> i say buy, buy, buy david in new york. david? >> caller: jimmy chill >> oh. >> caller: back up a month ago i bought -- >> i'm the spokesperson for the american migraine foundation i say yes. >> buy, buy, buy

>> andrew in georgia andrew >> caller: l-i-t-e my brother. >> i like the optical section. >> buy, buy, buy >> sharon in new york. sharon >> caller: hi, jim sharon here. >> i thought so. >> caller: i'm thrilled to be talking to you i'm curious, my question is, how do you feel about zynga? >> i missed zynga. zynga had a run because i'm focused on take two. it's a wenner. do winner. doug in kansas >> caller: jim, you're my hoe row. >> really? holy cow talk to my wife, will you? >> caller: calling you from the college football home of darren sproles. >> number 43 >> caller: yes >> i love him. what's up? >> caller: yes, fhn. >> fhn is way too low. big banks are moving in. >> buy, buy, buy

>> mr. jordan ought to come on and talk about that. kevin in minnesota kevin? >> caller: boo-yah, thanks for taking my call >> of course >> caller: ask you help me out with hsbc? >> it's probably okay but at this point 90 out there and that ladies and gentlemen was the lightning round! [ buzzer ] >> the lightning round is sponsored by td ameritrade tomorrow, kick off the trading day with "squawk on the street." [ bell ringing ] live from post nine at the nyse. >> and david, you and i are going to cross the country to take a cruise ship to alaska, okay >> all right, i'm in i'm going to do it i'm ready. >> we're going to go camping >> you guys -- >> anywhere, i will go anywhere. >> it all starts at 9:00 a.m. >> it all starts at 9:00 a.m. eastern., 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. focus on what matters to you with thinkorswim. ♪ it's only human to find inspiration in nature. and also find answers. our search to transform... ...farm waste into renewable natural gas led chevron to partner with california bioenergy. working to provide an alternative source of power... ...for a cleaner way forward.

there's something here what it is ain't exactly there there's a man with a buy order there tell me i don't have to beware and that's how i feel when i see these fast traders gunning up the airlines and cruise ships every single morning well before the market opens and then every night after it closes down here on the crawl watch it, you can see it you see american airlines southwest, united, continental, delta, jetblue and royal

caribbean, carnival, norwegian on the cruise side the buy something relentless and defies conventional wisdom of how stocks are supposed to or meant to trade like the old schemes from the 1980s, i watched stocks get bagged and gunned and liquidated they called it bgo i used to rail against it and fight it nobody listened to me. these red hot recovery stocks keep soaring it's the most bullish behavior i've seen and i was trading during the dot-com area. when this z this happen, warren buffett blown out of his airline holdings may 3rd at the time american was 11, southwest 29, delta 24, united 26 that pretty much did mark the bottom, the exact bottom at the same time we saw the analysts putting out grim price targets. evercorps look american airlines stock from $10 to $1 the stock was at 12 then and now at 20. the airlines didn't bottom untie

stimulus package in late march american got $5.8 billion and treasury acquired warrants to purchase 137 7 million shares at 12.51, nice trade, secretary mnuchin. people were hesitant to own the airlines until the economy reopened i was hesitant to recommend because i was hesitant to fly. now we're seeing incredible runs here american rallied 41% last thursday, tacking on 11% friday, another 9% today that is extraordinary. extraordinary. americans waste no time, planning big voluntary severance packaging to cut cost, they only plan to fly 55% of the schedule in july. 20% of the international schedule the industry got bailed out and the stocks feel inflated here, that said, i'm sure they'll be back at it tomorrow and the early morning where they always seem to get started. watch brian sullivan's show in the morning.

the cruise lines same deal out of the box major moves off the bottom if you're carnival, royal caribbean or norwegian carnival bottomed under eight bucks, up 1225 royal caribbean from 19 to 75. you know i love that last one. is it all too optimistic this morning arnold donald the ceo of donald said the fall from covid-19 is devastating for travel and tourism broadly and the cruise industry. we have no revenue but large ongoing expenses because of the assets that need to be nurtured. they raised the debt in the bond market and they'll recover once they get sail again so maybe they never should have been as low as they were but to buy them up here it's tough to say. there are plenty of stocks being run in the morning, boeing, a bunch of oils including apache and whiting, even chesapeake, which is really nuts, but the most glaring are the airlines and the cruise lines because their earnings estimates are so darned low maybe hertz because it's probably maybe worth nothing

wall street analysts fought nearly all these rallies tooth and nail they were too sophisticated. many call the rallies fanciful, had their nose up in the air looking down these voracious pre and post market buyers disagree as do leagues of younger investors in robinhood who can't get enough of these things. nobody is ringing the register which is why the stocks gap up every day. i look at delta, american, united southwest and jetblue and carnival and norwegian doing greater than the average daily volume, something feels off to me i don't know what it is but it's hamming and seemingly can't be stopped. these stocks are being bagged and gunned like never before i think it's irresponsible not to take something off the table now because you don't want to be fully exposed when they eventually get liquidated. the buyers will back again tomorrow i have no doubt when you have a hot hand you press until you get scalded if you don't pull away. there's a man with a buy order over there he's telling you don't beware.

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good evening i'm scott wapner on day 162 of the coronavirus crisis new york city opens for business as stocks surge into positive territory for 2020 >> some 16,000 retail shops are now allowed to reopen. >> new york city, open for business again phase one of america's biggest city is under way. are the subways and buses ready? is it safe enough to get back into the swing in. >> we're seeing new technology to keep office worke