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tv   Mad Money  CNBC  June 18, 2020 6:00pm-7:00pm EDT

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convertible, let me know, at me. kroger, i think the weakness is wrong. i think kroger goes higher from here. >> thanks for watching "fast." see you back 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, put it in context call me 1-800-743-cnbc or tweet me @jimcramer maybe this market got a new brand of mouthwash, because it keeps getting better breath. in the last few weeks, more
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groups have switched from bear to bull market territory and they still have plenty of room to play catchup. even when we get hit with waves of bad news. nasdaq, did okay, quite a difference when i was out there when it was just a sea of red. stocks opened up terribly. but then the strong bull markets that i'm talking about, the ones that are underneath, they surfaced, they quickly took over and we rolled back a big chunk of the decline >> buy buy buy >> something i pointed out on "squawk on the street. "when a rally has leaders from many different groups, and the better breath we have, the more kissable this market is, and that's what we're seeing right now. who are these leaders i'm talking about? some you're very familiar with,
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because we talk about them all the time yes, bull market number one, the work from home cohort, which is a cluster of smaller bull markets. zoom video, and at the orefron are the cybersecurity stocks companies need to be about protection when they put everything on the cloud. analysts are starting to capitulate octa, a family fave. bull market number two, payments everyone comes in and raises price target for paypal or square no one wants to handle cash. you need contactless payment methods. bull market number three, ecommerce. shopify, the go-to facilitator for small businesses that want
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to go on line. if you have a small about shopy etsy, the store for creative people that make things. toolio helps you connect with your customers, and there's amazon, which is a fabulous place to advertise. i saw someone raise amazon to 3,000 yesterday. here's one i haven't been talking about. if you thought people would stop eating at home once the lockdown ended, think again restaurants are barely open. today, the largest supermarket chain in america, kroger, reported strong numbers and ld .
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that's why i like mccormick, the spicand seasons maker. cookware is flying off the shelves. that explains some of the strength in williams-sonoma. social distancing rules mean restaurants can't handle many customers. bull market five, the car. the car's making a comeback. can you believe it the oil industry has been in industry for the better part of a decade that's changing. until we got a covid vaccine, mass transit is dangerous, and according to the cdc, even car pooling is off the table so you need a car, preferably a cheap one. the obvious winners, carmax, which reports tomorrow morning, even before covid, there was demand for used vehicles
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please don't forget the love away with carvana and vroom. spotify, oh, my, over 200. that is on fire. and people listening to stuff in the car, the pod, they love that, they love that the new one just got -- pay thad a fortune for. sirius xm, it's been stuck at six for a long time, all right and it's not a podcast, and it doesn't have the sports, but if sports comes back, it will be great. bull market six is steel nucor is telling us business is real good for auto steel, something the union ceo confirmed last week. bull market seven, plastics. i asked frank mitch, he told us
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that polyethylene producers are seeing tons of rise from overseas and westlake, no, not the author, the chemical company think pvc piping that's doing well, too bull market eight is housing there's a shortage of publicly housing trades i prefer stanley black and decker and trex and they're all doing well sherman williams is standing out in paint, rh is the way to decorate, really good stuff on the website right now. go ask my wife about rh. obviously we just got a great quarter from lenard's. bull number nine, easier to just
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say stream things. we know the video game plays are on fire, and look at the one going on, take two interactive once they get their hooks in you they're hard to stop even these companies question the power stay of this move. buzzkill fauci said we can't have an nfl season unless everyone lives under the dome. that's not happening please come back, football of course netflix is the big winner from all this chord cutting and the analysts are tripping all over themselves at-home entertainment includes working out on your peloton. you have to put your mumu lemon clothing on when you're on your peloton. and finally, bull market number
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ten, you are going to have to pry my cold, dead hands away from this. let's call it clorox bull market my water is filtered with britta, because i don't like those plastic bottles. it's all about the charcoal, meaning kingsford, and the coveted clorox wipes and bleach. i don't care how high this stock goes, if management announced a big expansion overseas, it will mean a lot of upside with outfights like amc who we'll speak to later in the show with big news, okay? just don't brush your teeth with it
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one last hop rabbnorable mentio. you can say we have a bull market in trading, but it is not enough long-term investing going on no homework. i am a big fan of well thought-out speculation. speculation when you've done the research that's not what we're seeing here, we're seeing dollar stocks run up to 25 we are seeing crimes against what i regard as nice, ordinary people and the s.e.c.'s got to step up. here's the bottom line the ten bull markets i just mentioned will keep working as america reopens. but rampant speculation, accident waiting to happen joe in pennsylvania, joe >> caller: boo-yah, jim, and go birds. >> let's get aen season, dr. fauci. >> caller: in the health care
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and business services division of philadelphia based aramark help them recover? >> the services division did not have a good quarter. i do nod like to be connected with the food service business it's not working let's go to aaron in california, aaron. >> caller: boo-yah, jim. been watching you for about 15 years and want to thank you for all you do for the working member and women >> thank you >> caller: absolutely. i want to give a shoutout to my daughter, laney, who is 13 tomorrow, and my girl, emmy how. >> anybody else? >> caller: my question is about sdt, they have a 30% revenue growth, it's been an under the radar company with current volume so your thoughts >> i've got to do work on this i've watched this go up, and now
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i'm so concerned about what's going on with certain brokerage houses and things that are happening, that i have to do a lot more work these days other than say i like it some people are doing what i call running stocks. i have to be sure that's not being run right now. s.e.c., take notice of these things when i talk about it. don't just thumb your nose about what i'm talking about pat in california, pat >> caller: boo-yah, jim, from sunny san diego, california. >> i love san diego. i just love it >> caller: i have a question about ibm. for me, ibm conjured up visions of mainframe computers and a declining valuation for the last eight years. however, a friend suggested i take another look at ibm i saw ibm has a red hat, it's risen quickly off its march 2020 lows, a new ceo. last week they acquired a cybersecurity company. and the stock had the yield of 5% >> and they generate a lot of
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cash flow and we've had the ceo on i think he understands the cloud. i'm with you but it's not a fast grower remember, this is not adobe. we don't have a situation -- it's not a crowd strike. it's not a snowflake it's got issues, but it's got that dividend to keep you warm this market keeps getting better breath even as the news gets worse. the bull markets i gave you will keep on working even on bad news days on "mad" tonight, could new highs be on the horizon on the s&p 500? i'm going off the charts to see what the technicals are signaling. remember the precovid technicals of dinner and a movie? i'm sitting down with the king, the ceo of amc to find out the company's plans to return to normal and three phases through the pandemic i'm going to find out how the company plays a role in all of them it's a rule 40 favorite. and stay with cramer
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>> 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 ado dmeyc.m.co where will you go first? wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. get zero percent financing and make no payments for up to 90 days
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for those of you still tearing your hair out wondering how this market could be so resilient despite covid spikes all over the sun belt, more than 20 million americans on unemployment, let me explain the situation.
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you have the fed chief bringing a gun to a knife fight they've basically backstopped every large enterprise in america. lending trouble companies, money is a no brainer. i keep telling you don't fight the fed. they can print money, so if they want markets to stabilize, that's what happens. to e fed, becausechart. based on the technical score of the s&p 500, could be headed for new all-time highs remember, the stock market does not reflect the economy, it reflects the biggest companies out there, the ones that can get bailed out by the fed. just the idea of that backstop is worth a great deal. the bond market is bigger than the stock market and smarter than the stock market, particularly these days. and thanks to jay powell, it's
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saying don't worry, be happy so where does garner get this bold prediction? check out the daily chart of the s&p 500 e-mini futures last week the s&p broke down pulling down to the 3,000 level. this is the breakdown. that floor held and the index came back. so as long as you can stay above the 3,000 line, she thinks that opens the door for a request of the all-time highs near 3400 the resistance is around 3250. 23 we can clear that hurdle, garner thinks it's smooth sailing too that high. when you look at the relative strength index, down here, it tells a very similar story that can make it work this is -- the rsi itself is an important momentum indicator and crucially, it's still in the middle of the range, meaning the
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market is not yet overbought there's still more room to room. what if you zoom out to the monthly chart hof the s&p 500 in min u futures? okay, you can see the actions created an expanding wedge that's a very, very bullish pattern. before the pandemic hit, we had irrational zubrus that took us to new highs then covid came along and the s&p crashed and we were in the grips of let's just say a fear that was justifiable, but when it came to the stock market, maybe not. now the fear is gone the market spent months snapping back and this could carry us back into irrational exuberance territory and betting the s&p could make new highs around 3500, which aligns with what we saw on the daily chart and the rsi, mid range, we aren't overbought on the monthly chart either
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the s&p 500, could it make new highs when we're dealing with a resurgent pandemic and recession with double digit unemployment i know it flies in the face of common sense, but everything you hear about the charts, which have no emotion, say that's the most likely scenario and it wouldn't surprise me. when bearish money managers throw in the towel, that's like rocket fuel for the averages and days like today are int interludes to let you get on the market i think garner makes a persuasive case. the s&p 500 does surge to 3400, up 9.1% from these levels, it maybe takes something off the table. much more "mad money" ahead. the phrase going to the movies has changed since covid-19 i'ming a the ceo of amc how the company plans to return to the new normal
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and nearly 100 years ago, the repeal of prohibition helped fund the great new deal, helping the u.s. out of the great depression is cannabis legalization the key to a recovery this time around i'm talking to the ceo of a consumer package goods company that seems to think so stay with cramer
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what do you do with a company that hasn't been able to operate for months, still shut down even as most of america is open for business. the answer is simple, well, you buy its stock. take amc entertainment, saw its shares sink to under $2 when covid hit. but amc is resil yeient and the announced plans to restructure their existing debt, improving
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odding for survival. and the stock has rallied 190% from its lows. and now we learn that amc is reopening on zwrul july 15 in ts they also need customers and new movies, they need to pay rent. we know social distancing is going to hurt. and "the wall street journal" reported they're getting pushback from bond holders the company is in better shape than it was a few months ago is it 190% better? let's take a look with a man who understands pressure it's adam aaron, the president and ceo of amc mr. aaron, welcome back to "mad money. >> jim, it is great to be with you, as always >> well, adam, i've missed you i knew when you came to the head of this company you would survive. give me the road map of what has to happen, because i know you got rent to pay, bond holders
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who are angry, you've got the parent company of our network not happy with you, because they started with a movie online. you've got a lot of say heated enemies and let's say opponents. how are you going to deal with them all >> so, jim, amc is the largest movie theater chain in the world. about $5.5 billion of revenue in the world. everything was just fine until mid march of this year when we quickly realized we were going to have to shut down every theater that we operate. 1,000 theaters in 58 countries we've been shut for three months now. today is a very exciting day for us, though, because we have announced that we're going to open essentially 90% of our u.s. theaters on july 15, in time for two big movies that are coming,
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being released by disney and warner brothers. so the next day, it just so happens amc is 100 years old, this is our 100th anniversary. a pretty lousy anniversary but this starts the next 100 years, and we're going to open our theaters well, cleanly, safely that will get customers coming back that will lower the cash burn that's considerable, because we're essentially in a zero revenue case now and we've got a pretty able team here at amc. i believe in my heart of hearts we're going to fight our way through this crisis. but as you say, there's a lot on our plate to get done. >> how many people can you first have in? you have this great deal with clorox clorox doesn't lend their name out. i think it's a smart deal to
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make people feel it's clean. you have to have social distancing, so you can't pack the house. and you have outfits like epr that need the money from you and bond holders how does this settle out give me the road map >> all of the above. so, look, as you said in your intro, we raised $500 million back in mid april. there was a lot of press that we might have to go into bankruptcy court the way other wonderful companies mike neiman marcus and hertz have done. but we raised $500 million at the end of april, we had $817 million in cash. that's plenty of cash. we could stay closed all thousand of our theaters through the end of november before we would run out of cash. of course, we've already started opening up we've opened up in five countries in europe already. we're going to open up in the uk on july 4, we think. we just announced we're opening
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up july 15 here in the states. that's the easiest way we start to make progress here. once the theaters are open, we'll start generating cash rather than burning through cash so that's the first thing. >> you have to leave space in there, rows that are empty what are you going to do >> so, you know, movie theaters are not like sports teams, where they sell out every seat in every stadium every game they're not like airlines that fill 80% of their seats. we're more like a church that's built for easter sunday. actually, as the largest k3ib89k3ib89 -- exhibiter in the world, we only filled 17% of our seats in calendar 2019. so if we have a 30% or 40% or 50% seat limitation as we envision in the early weeks coming out ofthis thing, that' still more seats than we
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actually sell. it might cost a little money on saturday night at 7:00, but in the grand scheme of things, we can handle the seat limitations just fine. >> do you want to really be in a fight with universal >> no. >> can't we broker that right now? i've known you for a long time >> no, i don't want to be in a fight with universal my company has been showing universal movies for decades and deca decades. happily and profitably we sell more tickets for universal than anybody else in the world. universal changed the status quo. and we didn't care, but they've announced that they want to take all of the movies into the home. we obviously didn't like that, because that would affect our profitability dramatically we've begun a dialogue with universal. whether you broker a deal or we broke ear deal directly with
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universal or nbc universal, look, our hope is that we show universal movies and sell a lot of tickets going forward we are going to get a different business relationship, because what they want to do taking movies to the home and theaters at the same time will take a lot of money out of pocket >> it is true that it's not so bad to watch movies at home. i'm struggling i love to go to the theater. my wife says, jim, let's just go on netflix, because he doesn't want someone coughing on her >> look, i understand that, and i have two things to tell you -- first, that's why we announced this broad sweeping initiative today called amc safe and clean, partnered with clorox. and also we've gotten current and former faculty of nothing less than the harvard university school of public health. we're consuling scientists and experts. we have a comprehensive array of
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cleaning protocols and we're not just relying on social distancing or seat capacity limitations or intense tied cleanings, we're infesting millions in high tech solutions to clean our theaters. things like electro static sprayers, heppa filters, air ventilation filters. our theaters are -- we're going to do everything we humanly can to make sure that your wife feels safe in an amc theater the other thing i will tell you is i don't know about you, but everybody i know is so sick and tired of being cooped up and trapped in their apartments and homes the last three months. i think the new order is people are going to want to get out of the house and people are going to return to some kind of semblance of normalcy. you know, last year, going to a movie theater, a ticket was sold in the u.s. a billion times last
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year that's several times all the professional sports combined, aur fo all four leagues, all teams, all games. we're the second out of home experience, only second to going to a restaurant. that's why i believe we'll make it through corona and we'll make some smiles happen and this very bad four months that we have lived through hopefully goes away as we look ahead. as you said, our stock has almost tripled >> it's always been a mistake to bet against adam aron. president and ceo of amc entertainment, great to see you, sir. >> thank you, jim. you're the best. >> best of luck to you "mad money" will be back after the break.
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with more standard safety features than any other car in its class.
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at this point many of the cloud-based software stocks have roared to nose bleed levels that feel increasingly hard to justify. i'm struggling but what about a cloud play that hasn't run as much, consider vm ware they've also got a big cloud on boarding business. think aws. they are the rare cloud play that's a value stock trading i think it's a steal, considering the company shot the lights out at the end of may, surging. it's pulled back to 143. that means you're getting that quarter almost for free. it's a gift. but don't take it from me.
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let's check in with the chief operating officer for customer operations and find out how the company delivered these knockout numbers to get a clearer picture where it's headed. welcome back to "mad money." >> jim, what a pleasure to be with you i was going stir crazy sitting at home with zoom. but i came into your studio here with this mask that says we love "mad money." always great to talk to you. >> we know we love you, because we did a piece called the rule of 40, where we put everything through a prizm that allows us to figure out what we can get for great growth that's profitable, and you're at the top. how are you able to accomplish that >> well, we had a good quarter i want to thank our customers and partners and employees for how we did growth, we had 12% growth and operating margins of around 49% in that list, we were not just one of the top but one of the most profit abable
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we've sought to pi votd the company from single digits to 21% of our revenue that's an indication of us becoming an indispensable part of the cloud the other part that was very important for us in q-1 was as people work from home, we were in that response part of the economy, we're now moving to reopen and possibly down the road to reinvent work from home solutions. cloud did very well in the quarter. >> now, there was a terrific speech, the ceo, your ceo gave a great talk at the merrill lynch global technology conference and talked about the two acquisitions he said carbon black, it was hand in glove, it was perfect. but he talked about how you did a deal called pivotal, and that required taking on a good amount of risk but it's worked. tell us about that one
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>> that's been very helpful to us you think about at develpp developering th think of like containers on a switch vm has been the ship we're now the best entertize container platform banks, we helped the nhs build their contact tracing app. so a number of these apps to be done faster. enter pivotal. every one of our customers is now asking us about app development. we've made that our number one priority, because everyone is looking to build cloud native modern apps and the best solution in town is this >> has it helped you to sell vm ware because of your close relationship with dell >> absolutely. dell is our -- one of our top partners, certainly in the private cloud as customers build
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their hyper converged infrastructure, and on top of all of that, you see vm ware tanzu. so this is now hundreds of customers. and we're seeing good momentum there. but you can apply that to what we call as a mission control in a multicloud, because you might be running in one place in dell hardwa hardware, in the other place in azure on google. so this brings all of them in a multicloud environment both are game changers, jim. >> some of this is my fault, san jay. i have not talked about you enough as a cybersecurity company. i've spent a ton of time calling about pal alto networks, but vm ware should be in the conversation
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>> well, jim, we're very fortunate. one of the leading analysts called us one of the best kept secrets. last year, we had a billion dollar security business out of our $10.8 billion, a billion this security and growing. in very simple terms, think of us as pal alto and crowd strike in one company the network security people like pal alto do well but the network guys don't understand the end point, the end point guys don't understand the network. the network, the end point, the cloud are the three areas of innovation and security. vm ware is going to invest heav in this area we announced our atent to acquire a network response company. so i sam doing 25-30 minute zoom
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calls to a lot of them and they will tell you vm ware is on the move >> two things going on wrong in this country right now one is covid, and i know that you have your arms around that and the other is, frankly, social injustice and i wish you would speak to both of them, what your company is doing about covid and about social injustice >> well, the first one we've been thinking about the response, reopen, reinvent, those are the three phases we're getting past -- just the fact that i can come in here and talk to you in your studio in the reopen stage gradually we're going to help customers to work anywhere. and we wish our employees and customers great health until a vaccine comes, it's going to be a different era, with maybe only 25% of our workforce in the u.s. wanting to come home. in the asian countries is a little higher. the other is a more serious
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pandemic i'm a person of color, and it's so heartbreaking to see the george floyd incident and ahmaud arbery and breonna taylor. this country has to change and we have to do our part in the tech community to renounce racism, discrimination, prejudice of all kinds we were vocal about that we want to see change. there has to be change starting in tech. we need a highe hire more underrepresented minorities. i like brian stevenson's phrase, the star in the movie "just mercy. he basically says you've got to act justly, you've got to love mercy and walk humbly. it's a famous verse. the walk humbly part needs to start with the tech community doing more to show by substance we care about renouncing racism and discrimination of all kinds and standing up for justice. >> all right i know you'll stand up for justice. you are a stand-up person.
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i do miss you. i thank you for that mask. and i thank you for everything you do for many people, including make people listen to beautiful music and have fun and smile. thank you so much. good to see you, sir >> always good to see you. >> it's the least expensive stock in the group we've proved that last week with the numbers. now you heard the story. stick with cramer. of course, stick with cnbc, because my buddy, scott, see what he has tonight. >> tonight at 7:00 p.m., the coronavirus is reshaping american cities. the latest way -- rents. plus, cases are spiking in california what it means for the reopening of the nation's largest economy. and the georgia team running a ppe business and winning government contracts, all tonight at 7:00 p.m.
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♪ it is time it's time for the lightning round. [ indiscernible [ buzzer ] and then the lightning round is over are you ready, ske daddy les in virginia. >> caller: good to talk to you again. about a month ago i saw your interview with the ceo i liked the looks of it and i bought some. during that four-week period, it stayed totally flat, hasn't done
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a thing. i'm wondering if i should put that money to better use someplace else >> no, online recruitment, you've got to be a little patient. i like that stock. no need to trade out of that bad boy. let's go to carlos in florida. carlos >> caller: hey, jim, boo-yah >> boo-yah >> caller: just wanted to know your thoughts in ge. >> ge is in restructuring mode probably not going to have anything good to say until late 2021 a patient person might be able to hold it till then let's go to john in pennsylvania, john >> caller: hey, jim. with everybody getting out of the mass transit, and in the used car market is red hot, somebody has to work on these cars would it be a good idea to invest a little money into goodyear tire. >> i would rather see you in auto zone, frankly
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i like your thinking i think that goodyear tire is such a dog for so long i'm just biased. let's go to dave in tennessee, dave >> caller: boo-yah, jimmy! >> yo, what's happening? >> caller: shoutout to my buddy, who has been listening to cramer, and we make money. jim, i want to know about costar group. >> oh, man why can't you just be in zillo zillow has a strategy. zillow got good. i know they had to do a little change of management james in new york. james. >> caller: jim, how are you doing? appreciate your show i appreciate you just a quick question. >> thank you, thank you. >> caller: yeah, of course i'm curious about u.s. auto parts, hold or buy more? >> this thing is up 300%
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it's another one that might be being run by groups of investors. well, no, groups of speculators. i have to do work on it. remember, when i say run, what i say is there a stock that was down here doing nothing, and then boom, they took it up when they say "they" it means a group of investors, and they got things too excited i have to do more work on that i can't just say it's fine anthony in maryland, anthony >> caller: boo-yah, jim cramer this is anthony in maryland. a quick question on goldman sachs. >> well, you know, i actually like what solomon is doing, trading around book value. my charitable trust owns it. i would hold on to it. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by - e off. e off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard
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before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪
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like real bad. we can't wait to get you back so we've added temp checks, face coverings, social distancing and extra sanitizing to get the good times going again. we're finally back... and can't wait until you are too. of all the industries that benefit from the new normal, one really took me by surprise, cannabis canada legalized weed two years ago and vast swaths of the u.s. followed stock and the pot stocks took fire then they started hitting the hurdles, too much supply, not enough demand. now people are stuck at home and it's breathing new life into this business, and some cannabis plays resemble true package
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goods companies with vertical integration. green thumb company that operates in 12 states. of course, the stock trades in canada we know green thumb is in good shape because they reported phenomenal first quarter with 267% revenue growth and they're right on the verge of turning a profit plus, legalization keeps getting more traction in the united states can it keep climbing let's check in with the founder and ceo of green thumb industries to get a better idea of how the company is doing. welcome back to "mad money." >> hey, jim, thanks for having me >> last time i saw you, a fledge ring company two years ago, you just had a $100 million quarter. that's extraordinary how did you do it? >> thanks, jim great to be back the business has really grown since two years ago. we think we have the best people
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in the cannabis business it's the best team 1800 strong, especially those out on the front lines and the essential worker status. so thankful to the team. it's been our strategy and our focus the whole time, consistent play, like you mentioned, branded consumer products made with cannabis, as well as people-first retail experiences. nothing has changed from the prohibition 2.0 that i talked about with you and if we step back like you mentioned, put all that together and it's translated to a $125 million quarter, and we believe it's very early for u.s. cannabis >> so ben, i've had a bunch of cannabis companies on. they're saying there's way too much supply and not enough demand i'm seeing the exact opposite with your company. >> that's totally correct, jim
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you have to ask the question which market and it's the u.s. versus canada. that's the fundamental first question the second question is, which state? i'm here to say that's of the mississippi, there is a shortage of cannabis. and green thumb is well positioned in each of those states that are medical, on their way to transitioning to adult use. >> you have an unbelievable board of directors with diverse backgrounds and i spotted some and we interviewed many times the chief executive officer of robinhood, new york's largest poverty fighting organization. how does he help out green thumb? >> the cold cannabis industry cannot be miblind to the fact tt we're building an industry that is not only federally illegal and put many in jail so green thumb has been a leader in how to take advantage of social inequity and enable opportunity. in illinois, we have done a lot
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of educational programs and wes understands how to communicate so we have educated people through our program to enable opportunities for a whole new set of licenses coming out in illinois as soon as those come out, we will shift to incubators, to ensure success this is a massive pie. there are going to be many, many, many winners illinois alone is a $3 billion market on its own. so we're super excited about the new entries in the market. >> you have a superior product, you grow it. and you also have stores tell us about the stores, because the same-store sales numbers are incredible >> i agree we have 46 open stores today last quarter we reported over 75% same-store sales and the fundamentals of this whole thing is a tidal wave of demand for the product so our rise retail concept, which caters to the people,
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education, we think it's just the beginning, and compared to traditional retail, the economics are staggering and really it's just the beginning. >> go into that. people say kroger just reported big commercial retailer, very thin margins we know about a lot of other retailers are not doing that well what do you have that everybody wants? >> well, we have a product in which there is a huge amount of demand and limited supply. so we can see greater than 30% margins from the walls we see 50%-ish gross margins and it's not that expensive to build and it's ramping incredibly high why? because people want access to well-being our stores and products enables well-being america is at a time of stress right now. there's a massive amount of uncertainty. our product and cannabis can offer relief to people and that's what we're seeing that's why they're lining up and
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coming to the stores and the demand has went up and to the right. >> one last question -- i think people have to understand this, if i went to one, would i see a brinks truck pull up every couple of hours because you're still a cash business? >> there is cashless atm transactions the facilities are very secure we have armored vehicles taking the cash away. these are very safe facilities and we welcome you and anybody to come to our facilities. >> ben, they said you guys would do it. i never bet against bill, and i'm not betting against ben covlar really great to see you. congratulations on all your success. >> thank you, jim. great to be here >> great to see you. "mad money" is back after the break.
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look, if you have a hunch about a stock, you can go online, you can listen to the conference call, you can look at four quarters, you can read analyst reports and make an informed decision. but if you're just part of some sort of mob where you're running a stock and doing stuff you don't know, you're going to lose money, i promise you 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'll see you next time
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businesses navigating the path forward, causes for concern, and celebration. tracking the virus -- progress toward a vaccine "special report" next. watch and listen live on the cnbc app good evening i'm scott wapner, on day 172 of the coronavirus crisis, tonight why the nfl season might be in jeopardy >> we've got to figure out a way how you can keep the game going without sacrificing or risking the help of the player. >> the nation's top doctor casts doubt on the possibility of a safe football season the nfl is reacting. other big sports also having problems convincing players to get back to business, including the nba.

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