tv Mad Money CNBC July 13, 2020 6:00pm-7:00pm EDT
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i encourage her to send in a question by text or video if she's so inclined. i thought contessa did a wonderful job. i think mgm sets up decently to the up side. >> thanks for watching 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'll just tm just tryik you money. i want to teach you. call me at 800-743-cnbc or tweet me @@jim cramer.
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we got a hard reversal all afternoon thanks to saber rattling over the south china sea. 560-point gain to close up 11. nasdaq led us lower plummeting 1.3% and s&p lost .93% some will say this, that this today was a short term top i think it was just a hideous money managers eager to lock in gains. who can blame them one was up 7%. up 7% last week and you know what i think it could be short term in nature. it's got a great start to a week that sets the tone for the whole earning season what is the game plan for the next four days since i was away on friday? you know what? we've heard from pepsi co today. pepsi gave upmost of its terrific gains we also got a big semi conductor deal by entbetter than expected
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numbers and that the how it felt before the rolled over tomorrow is where the rubber hits the road, and it could be rough. we hear from the best of the banks and the worst of the banks. j.p. morgan and wells fargo. i don't know if j.p. morgue's results will be good enough to offset wells fargo we'll hear of bad loans from both they have a balance sheet to handle the plan. wells fargo has a ton of personal loans, ouch no wonder they had to cut the dividend it's run by charlie sharp. he's going to figure it out. they suspend the buy back. we lost the best buy back. it's cheap but it could easily stay there is delta airlines. the robin of traders thanks company is worth after ton of $8 billion. they love the airlines
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as passengers seem to hate them. will delta need more help from the government you might want to buy american airlines that needs the most help goldman sachs, i think they will blow away the numbers. this market is a trader's paradise that will allow gold man to put up a remarkable quarter from the great firepower on the trading desk and we own it for my travel trust that can follow along by joining the action alerts plus club. it will focus heavily on the banks. we also hear from unh, united health group this pandemic is fabulous for the manage care space because all sorts of expensive surgeries keep being postponed and that could lead to a huge quarter but the call spells out the future please, don't trade before you listen to the darn call because they could talk about politics and it could be amerimirky, thu, more banks it could be ugly bank of america, morgan stanley
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will have to shine to break the downward trend they can talk about the merger it works for the same reasons gold man does, almost no uncollateral and report almost always excellent numbers never seems to matter. maybe it's the etfs that lump the banks together, maybe the digital businesses banked in the stock hasn't been able to rise above the rest of the group. this reason this time should be different. wish i didn't have to say that that's how i feel. big fapharma is stuck in a rut classic recession place that's what the markets tell you. that's because of the reopening and then reclosing what's driving this action we'll find out when johnson & johnson reports that have a terrific pipeline super focused on covid it might no matter because the stock ran up high today. one of the people aren't buzzing about, taijuan semi conductor a huge amount of business by apple
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up so big at one point and gave it all up a. taijuan semi is not allowed to mention apple because you don't talk about apple supply club but tell a lot from the orders taijuan is in great shape. why? they wear masks. stick around we have a whole segment why you should wear a mask this is a brutal environment for restaurants but we know there are a few winners that change dominate and takeout delivery. change like dominos, i think they tell a good story as contactless delivery is the safest way to eat. after the close, netflix reports given that the stocks run more than 60% for the year, does it still have room? i think of netflix as a worldwide entertainment service that's essential in the age of covid-19 however, management tends to be selfless if they think sports are coming back, i bet they put it on the forecast and under cut the bull thesis listen to the call still, i would like netflix into weakness, more on that later we hear from black rock and
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regular manager, too the media loves black rock ceo larry fink because he has opin the world of stock and things. now that they adjusted stake in the company done by a fantastic offering in the low 400s when the deal happened, it's a 552. you don't need to worry about a potential equity deal but you do need to worry about cutting. i wonder if larry will give insight into the fed's bond buying program because black rock is orchestrating it i know this is a small one, probably down your radar screen first to rise. why am i interested? this is a great regional bank and topnotch franchise one of the strongest areas of the country in memphis, tennessee and branchs over the south amazingly well run and yet, the stock sells seven times earnings and a 6% yield it down 40% for the year i get it the economy is a mess and having a terrific covid outbreak but maybe overly punished.
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bottom line, this is the leap we find out if the real world will intrude on the stock market world and that's what happened in the afternoon today, but tomorrow is the big test if the banks finally, maybe we have gone through the looking glass. if the banks get hammered, things could get ugly. max in missouri, max >> caller: jimmy chill what's going on, brother? >> i'm trying to chill it's good to be back what's happening >> love to hear, brother jim, what is your take on dis y disney disney traditionally great, great stock. a lot of people love it. they have a lot of positive things with the nba deal, disney plus and hamilton, their ownership in one of the largest out there not to mention this is the first weekend of the u.s. parks reopening. >> right. >> caller: considering all those pros, what is your outlook on the price going forward? >> this is one of my longest owning positions for my travel trust. we had to part with some when it ran up why?
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the basis. all those things you're talking about, sports isn't coming back yet and the theme parks and no real big crowds. that hamlin was a tear jerker. my wife was crying it's not enough. i totally understand why the stock is going lower it got pushed hard by gold man and didn't go up bill in delaware, bill >> caller: boo-yah, jim. welcome back. >> thank you, buddy. thank you very much. >> caller: i'm a first time caller but record you every day. great to see you. >> thank you. >> caller: i got a good question for you about one of my favorite stocks i got a sizable amount of my life savings and a few of them but one of them is still down over 70% since corona with a huge potential upside. 100% shut down was completely observed in the first quarter and it didn't begin until early may after they started opening dozens of locations.
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they also announced that the locations opened were able to do so safely and operating. but my question is at 12 and $13 was my hard earned money safe with dave and busters or should i be looking elsewhere >> i think about that hard earned money in dave and busters. i don't want that. dave and buster's balance sheet is not worth your hard earned money. let's get more conservative. let's not try to find a bottom where there might not be one spencer in california, spencer >> caller: boo-yah, jim. >> boo-yah. >> caller: i'm an agent in the music industry and given the slow pace of venues, new capacity restrictions and difficulty of getting people out to live events, are you bullish on live nation >> it's hard to be bullish remember, live nation concert company, here is the issue with a lot of stocks. if you -- the facts change okay if you ignore the facts and say that's a great company, you are
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dealing with the worst pandemic in 100 years and concerts, theme parks, restaurants, they cannot be good until a vaccine. you're betting on a vaccine. that's all you're betting on and i don't know if i want to make that bet for 2020 guys, very i'm to pomportant we. this week has always been make or break and you know what let's just say it may not be so great. on "mad money" tonight when an activist money manager starting sparring with a company, how do you know who is right? the battle between elliott management we like them and crown castle we like them and one-third of the u.s. population doesn't regularly wear a mask so it doesn't work. i'm speaking to the top minds in business and you can help. you know what they say money is power i'm talking to find out how it's
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when a brilliant activist money manager starts sparring with the terrific company, how do you know it right we were on vacation last week one of the smartest hedge funds took aim at one of my favorite companies. elliott management gunning for crowned castle the real estate investment trust owns tens of thousands of cell towers we've been recommending it as part of a cramer covid index it's been a good performer normally they target poorly and take a big position and agitate to unlock value. sometimes you can ride the coat tail for a juicy gain.
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it's a good company and elliott recognizes that but wants management to change their strategy crown castle has two primary businesses the traditional cell tower business where they build towers and lease antenna space to wireless carriers and the fiber business where they use small cell towers and fiber connections to fill out wireless networks in cities okay elliott says they're spending too much money on the fiber business they want crown castle to dial it back, focus on projects with higher returns but crown castle wants to stick with the strategy here i understand it. hey, we just had ceo jay brown on the show two weeks ago. told a fantastic story he was right what are we supposed to do about this let's start by setting the scene. i've been recommending crown castle over two of the big players and american tower because it's domestic. more rewarding dividend yields 2.9% at these levels stock is a solid performer up 17%. 46% run from the marge lows.
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that said, there are a ton of hot stocks in the market and crown castle isn't one of them it's too slow and too steady i like that. when you look at the index, this is 75th place in terms of performance however considering how much this market is run, that's an advantage which is why i told you to play catchup with crown castle a few weeks ago i like the stock the thesis is straight tore wfo thanks to the pandemic, the activity is more important than ever wireless carriers are rolling out 5 g and that's one of the best long term growth stories around as the bill accelerates, the carriers need more tower space and more cells from crown castle the only way to handle that additional traffic apparently not enough for elliott management last month they announced they took a billion-dollar stake in crown castle putting their money where their mouth is and released presentation with a reclaiming the crown plan. elliott noted they spent a month trying to persuade the management in private they weren't getting much traction so
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sent an open letter to the board of i recolledirectors. they aren't telling the company to put itself up for sale. they want a course correction. smart. as general as they get this is a hedge fund that seizes the ship to make the government pay debts and it worked. they're going very easy on crown castle that's very important. what exactly does elliott want they point out even though crown castle outperformed the market, the stocks lagged the other two cell towers. there you go the reason, as elliott sees it, crowned castle is spending too much money on fiber including the acre sixth zi acre acquisitt tower. who needs it the solution elliott says the company should implement a return-based hurdle rate for capital spending in the fiber business in other words, don't make the fiber investments unless they are really going to pay off. that seems start to me
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they can take the money they save and fund it for a big dividend boost many board members have been there for a long time. elliott recommends bringing in new blood. might they be off base are they wrong about crown castle over the past decade they spent $16 billion building the fiber business over the same period the stock lagged the play tower companies amt and spac it's hard to disagree. cell towers are fantastic business fiber is okay business the company is spending more on fiber than towers. seems ill advised. according to the calculations, they are evaluating it at $11 billion considering they spent $16 billion on capital for that fiber business they think the business is salvageable but they need to stop pouring money into it where do i come out? i think they need to talk this out. elliott is right about focussing on towers and it's so lucrative it's a wonder crown castle
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doesn't stick with those sure, all these investments have been expensive but that's because crown castle spend years laying the movement for the 5 g buildout as it picks up speed, the major carriers will need crown castle's fiber based sites management is betting it will go a lot higher as demand increases. basically crowned castle believes this is the future of wireless because it works better than cell towers in densely populated areas. true they spent this money to own the future, true if they are right they will leave them in the dust but if that's the case, management needs to make this argument much more forcefully. i won't be surprised if elliott is open to be persuaded or open minded, no need for scorched earth as jay brown and his team have a terrific long-term traffic record there is a lot of room for compromise maybe they cut some of the lowest return projects and raises the dividend to $6 a year instead of the $7 elliott is asking for for a juicy 3.6%
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yield and maybe convince elliott fiber is the future. however this plays out, here is what is important. it's good for you, the shareholders ill y that could be great news for you, too situation reminds me of ill y elliott's involvement with e bay and there were pretty significant disagreements. the ceo had to resign in september. the key is ebay rallied to 90% since elliott got involved see how smart they are bottom line we know how these activist situations play out. crown castle gives elliott what they want and a leaner meaner cell tower play or crown castle ups the game to fend off activists. this story could get better as elliott's work is topnotch and begs to be listened to stick with cramer.
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we need a contest where we ask young people to come up with something new like science competition. when i suggested a contest to the ceo of sales force who led the way on helping the country reopen safely, he said we need to contact dr. peter, the founder and executive chairman of ex prize, non-profit that's run 17 science competitions and they are running the next gen mask contest the chairman and ceo of honey well, the software that has a fantastic personal protective equipment division including the best and most rigorous masks available. we have to be aspire but we need a wearable community mask that protects as many people as possible mark, darrius, peter, welcome to "mad money." let talk masks mark, i'm going to start with you mark because you're wearing one. what is this contest and what can it accomplish? >> well, let me take this off. jim, you know, masks are so
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important. you know, jim, if everyone in the united states wore a mask for three weeks, just three weeks, we would not have any more coronavirus because there would be no more spread. but people do not want to wear masks and you know why, jim. number one, they said, well, it fogs their glasses number two, it gets too hot. it's too uncomfortable it causes breathing difficulties it makes conversations challenging and makes exercise while wearing too difficult and also, causes pain or they can't eat or drink jim, we have to get through these issues we have to start wearing masks if we wore masks for three weeks, everyone in the united states we could not have any more coronavirus which for why in japan they have no coronavirus, they have a mask culture. that's why there is only a few thousand infections for 125 million people so we all need to do this but we
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have to crack this code just like you said, we have to figure out how do we create a mask that everyone, every american will wear now >> peter, you know contests. you know how to do this. how is this going to work and why do you think it could work >> yeah, at the x prize we're 25 years old and run $200 million of ex prize competitions and thanks to mark and frankly jim, your generous contribution, we're launching this million dollar competition we're asking kids age 15 to 24 to participate in this submit your design for a mask, a next generation mask that yet, you can enjoy. it doesn't fog your glasses. the list mark went after and we expect hundreds, perhaps thousands of submissions we're then going to take the top 25 of those and find out are they manufacturable. once we determine that, we'll take the top ten of those and go
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out to fly out to influencers and say will you wear this? we want masks that are culturally cool to wear that say something about you that are functional and finally, we'll be besides testing whether they're functional with our partners for example at honey well, do they provide protection, we're then going to a shark tank and be anoinlti anoinlti anointing two winners and the goal is a next generation mask that people wear because they want to wear them, not because they are being forced to wear them. >> now, darrius, no one knows personal protective equipment better than you and honey well why do you think that someone between the ages of 15 and 24 might be able to develop something that would be a community mask, that would be a more wearable mask is it possible can it be made >> in douno doubt when we heard this idea from you and mark to really harness the
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int int intellectual youth, this is a terrific idea to harness what the youth can do i have no doubt they will come up with great ideas hopefully we'll put into the broader global community and put them to good use because as mark talked about, masks are the way that we can go back at least in some wares to the way things were faster they enable us to open the economy and they enable kids to go back to school and make them much more safe if we don't wear them we're thrilled to be part of the team that can help bring this to reality. >> so mark, it's -- look, we know this is about life and death but also about the economy. you have work.com. sales force knows this area cold our economy could be is -- some people say is falling apart. i don't want to get political. the way gold man says we're going down a path that could hurt 5% of our gdp
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can masks stop that? >> jim, we don't have that many things that we can do. we've been talking about this on this show for four or five months now we can do contact tracing. we can do testing. and we can wear masks. that's it. one, two, three. if you want to stop the spread those are the three things just look at the tremendous work of governor gina of the state of rhode island that's almost fully extinguished the virus look at france and germany and japan, hong kong, taijuan. masks are very important they are the key if everyone in the united states wore masks for three weeks, every person, total compliance, the masks, the whole virus would be gone. we have to take that very seriously. >> so peter, i had been running on tweets for the last ten days about the idea of a mask that everyone will want to wear
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the vast majority of people honestly, just tell me it's not possible forget about it. if you have thousands of young, smart americans coming up with something that could be a uniting force, is it too crazy or do you think because you often talk about it that too crazy may lead to something that's perfectly sane? >> jim, we talk about the notion that the day before something is truly a breakthrough, it's a crazy idea, right? we're looking for crazy ideas. there is no doubt that it is possible there will be next generation masks. perhaps this is where technology gets incorporated for sensors that give you benefits you want to wear the mask but we're not going to the traditional players who give us traditional solutions. we're going to a new generation that frankly, if young people wear them and make it cool, their parents will wear them everyone will wear them. we'll bring influencers into it and manufacturers into it and
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we'll bring top people into it and the goal is something that people say yeah, i want to wear that and we'll see it's going to be -- this competition is going to run between now and the end of the year. and so in q 1 of 2021 we hope there will be a new generation mask and it's not just for an idea this has to be manufacturable. so our team led by dr. emily church is working with manufacturers, we're proud to have honey well on the team to make sure half the money goes when you have a great idea, the other half of the money goes to the winner when you put it into production. >> okay, so darrius, want to make it clear, not trying to build the best mask that's going to shut down -- i mean, you do that already we're trying to find something that inspires people to say i got to do this this helps me. this helps the other person. do you think you can have something that's stylish and allow you to have facial expression and don't feel so difficult talking and fog your
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glasses? are these little things and you can actually beat this >> no question we already know the best mask out there is the n 95 mask and we were one of the people that make it, but the fact it is in the most comfortable mask to wear, it's not appealing to loo at but does the best job of protecting you given the requirements it has, it's difficult to make it pleasing to look at. we need a mask that appeals to the mask that's comfortable and easy to wear and influencers will wear. that's really what this contest is about i have no doubt that our young people come up with great ideas and hopefully will be able to manufacture those great ideas in 2021. >> mark, next question when i was growing up we had competition, a science project and we all did it and hoping to make some money.
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we hope to get a scholarship here we're offering real money do you think the youth of america will hear about this contest and join in to come up with something that we can all wear and stop the community spread and make our country, i'd say, let's just say bring the economy back to come back hot? >> well, jim, as darrius said, n 95 is amazing but a simple piece of cloth, a simple piece of cloth blocks 90% of the droplets that's amazing we want a mask everyone wants to wear there is a cultural phenomenon something that maybe louie vuitton might have designed but you, you, the future that will have a breakthrough now so you can design the mask all americans will want to wear and i believe you are out there, whoever you are, we need you to come up with that mask and you can win this tremendous prize money through x prize and be
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recognized as the person who stopped coronavirus. so i hope that that person is out there will listen to this and realize that they can win this prize money and have a breakthrough now and deliver the mask we all need so badly. >> you know, i'm a believer. i want to thank all three gentlemen. i know what you want you want our country to be safe and strong darrius of honey well, darrius knows more about ppe than anybody i know we have peter, actually running the contest for x prize and jimd what can we do how about a contest. thank you. >> jim, xprize.org/mask. any kid 15 to 24 join us. >> i wish i was 15 i wish i were 24. >> wear your mask. where is the mask? >> "mad money" is back after the break. this is decision tech.
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six years ago the legendary head of the wealth management business founded a company that's a privately held digital investments advisor business focused solely on women. the world changed and we have to change with it when the pandemic hit in march, they got lots of questions about everything money related not just stocks budgeting, savings, habits, managing debt. there are a lot of people in dire straights who need help right now so last month, they launched a set of offerings that include banking, coaching and education tools from one to nine bucks a month. then the george floyd protest got rolling. the company decided to widen the lens beyond women. they are now also trying to help people of color. i think it's the right thing to do it's also good business.
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when you think about the people who get left behind by the financial system is a huge problem but also big market. don't take it from me. let's check in with sally, the co-founder and ceo to get a better sense of initiatives. welcome back to "mad money". >> hey, jim. so glad to be here with you. the last time i saw you was prepandemic. my goodness. >> it sure was well, look, you've been very tough on yourself and trying to make a difference, which is always the way you've been tell us what a she session is because i think this encapsulates the moment. >> well, the she session is what we're in which is a recession in which women are disproportionately hurt. whether that's the women have been losing their jobs at a greater rate than men. whether women that are privileged enough to work from home are losing productivity while men are more productive because of child care, house care activities. women are a larger shape of essential workers.
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sadly, women went into this downturn with 32 cents of wealth to a white man's dollar for a black woman, brown woman, one penny of net worth to a white man's dollar and unfortunately going backwards at a greater rate. >> wow well, i mean, that is an incredible disparity what can you do to solve it? ir me i mean, it seems to me when i read your message, you're talking directly about dismantling white supremacy, the bias that is just truly some people think is unconquerable. what is ellevest going to do >> we expanded offerings, more products, more capabilities for more women including women not ready to invest and help them with banking capabilities and learning, coaching so they can
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figure out how to get out of debt, to manage their expenses and then in our high net worth business, where we have financial advisors, what we're hearing from wealthier women from successful woman is where i put my money is really important. i recognize every dollar i invest or spend has an impact. you've helped me ellevest with a gender lens, invest in women, can you also help me invest in an anti racist way you can't be for equality for women if you're not also anti racist working for black and brown women of color. >> how about ellevest itself you were tough trying with leadership, zero percent black, 30% people of color, 70% women how do you change that ratio >> well, you know, jim, the truth is i'm focussing on the company overall for having the
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kind of diversity that over represents, under represented folks that i actually just took my eye off the ball when it came to leadership team and i said you know, come on, we can't -- come on, sally we can't solve this problem for all women if we don't have the representative voices of my leadership table and so i -- you know, jim, we're going to have a diversity committee and have diversity cocktail parties and we're going to -- it's really a pipeline issue no, no we're just going to do it. we are going to, as i've done at other levels of the company just say look, hiring and promoting, it's a bit of a rubik's cube we need diversity of all kinds to make sure voices are fully represented at our table i don't go with let's hire the best person for the job who i often to my mind reminds me of myself as it does for all of us and it's got to be the best person for the team and that can mean different kinds of experiences, different kinds of backgrounds, ethnicity
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you're the first pay neioneer you change many things i need to ask you this if someone comes to you as a person of color, not a person of color and says listen, i'm scared of this market, sally, you're fabulous. what are you telling them? >> i'm saying you need a financial plan you need an investing plan because unless you are jim cramer doing this all the time, you're a professional, you live and breathe this, honestly as an individual investor, do you think you're going to be able to pick that sector that professional investors haven't figured out consistently consistently you know, a plan, invest a little bit out of every paycheck, invest in a diversified investment portfolio for so many people make sense and what i was proud to see is during the as we call it wtf moments in the market, our client base, our community held
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firm they didn't pull their money out. they didn't change their asset allocation dramatically and kept investing and here we are if you and i had laid out this environment for ourselves back the last time we were together right before the pandemictook off and said this will be the effects of the pandemic where the economy would be, i don't think we would expect the stock market to be where it is right now. >> you're certainly right about that sally, congratulations on everything you've done and congratulations for taking this one and saying listen, we're going to change it most people said a day you're going to make it your life and i think that's fabulous. that's sally, co-founder and ceo of ellevest. "mad money" is back after the break. our retirement plan with voya gives us confidence.
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it is time, it is time for the lightning round. buy, buy, buy, sell, sell, and then the lightning round is over are you ready, ski daddy time for the lightning round michael in connecticut, michael? >> caller: boo-yah, jimmy chow from connecticut hey, retail has been hit pretty hard nordstrom is hovering between 15, $16 but will it make it past covid? what's your thoughts on jwm with two years? >> it doesn't change with so many great retailers that are dominating look, i would rather walmart than nordstrom i would rather own target.
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let's go to jeff in ohio jeff >> caller: pl crimr. cramer hope you enjoyed your vacation. >> it was terrific because my wife is a great hostess. what's your question. >> caller: i have a question about a stock in the electric vehicle market it's called workhorse. it's been a rocket ship. >> yeah. look, it is incredibly speculative. speculation is working i understand that this is just the flavor -- i think it's flavor of the month. but you know what? tastes good. let's go to bob in missouri, bob? >> caller: yeah, i'm glad you're back james, missed ya. what do you think of am ara -- ameresco >> i'm big in renewable energy you can put 5% of your port f
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follow into this pete in florida, pete. >> caller: is this jimmy chill >> yeah, the chill man. >> caller: i'm looking to get in zoom video i'm looking to get into an entry window. >> zoom reversed today at one point it traded at 281 and went down to 256 i think that people don't want to hear this but this sell off is actually an opportunity in zoom so i would start but start small. why small? because that reversal today scared a lot of people and going to bring out more sellers tomorrow i need to go to mark in florida, mark >> caller: hi, jim i hope you had had a great vacation you were certainly missed. >> i did a lot of gardening. a storm went through my tomato patch. something that -- you know what? they grow back that's my secret go ahead, what's up? >> caller: boo-yah, mr. cramer. >> boo-yah >> caller: i'm holding gsk i really, really like the
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dividend and i think i want more what do you think? >> no need no need to buy more. and the reason i say that is because they don't have the earnings growth you want they just don't. and as far as i'm concerned, the problem with glaxo, people want it for the yield 4.7 i like growth when it comes to drugs. i actually think bristol myers better buy let's go to mike in michigan, mike >> caller: boo-yah, jim. >> boo-yah >> caller: i'd like to thank you for taking my call. >> of course. >> caller: i appreciate what you do and your staff do missed you loved watching the show. >> thank you. >> caller: i have one question for you. we're starved for live sporting events i'm looking at world wrestling entertainment. is this a buy? >> no. if you're starved for it, go buy a video game stock it a better bet. because i don't know when live is going to come back. i have to tell you that i think
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that every league is way too optimistic at this point they can't even get testing right. let's go to john in florida, john. >> caller: hi, jim it's john in florida. >> how are you >> caller: okay, jim, how are you doing? >> i'm doing well. thank you for asking. >> caller: very good jim, i'd like to have your analysis on rite aid rid. >> that is what we call a short squeeze. there are a lot of people betting against it it's not doing that well i don't know if you caught walgreens last week. at the beach i saw that was bad. these guys aren't nearly as good as walgreens and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightening round is sponsored by td ameritrade this piece is talking to me.
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so it's time after this vicious reversal but of course, also after my vacation this week to ask if this is a reality check or a buying opportunity. these scorching stocks, i'm calling the wild bunch four stocks that are totally untainted and unfeddered, free veterans, amazon, netflix and tesla and lavongo health they have descent balance sheets these days and legitimate stories. amazon netflix each benefit from the pandemic i actually think, the bears will not like this, hold your ears, there say met to the madness. you can justify the added valuations for all four members of the wild bunch. some are revolutionary amazon is taking over the world thanks to the best customer service imaginable they give you incredibly low prices in the most convenient way possible prime may be the best bargain in history but the run is about
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covid like amazon was built for the moment there are two other businesses web services and advertising amazon web services is the backbone of the cloud. it's so good that even competing retailers use it the company actually deserves the $1.5 trillion evaluation but we saw a chunk go for the charitable trust why? it's too large a position that's taking over the portfolio. high quality problem next up, what can i say about tesla that hasn't been said. all right. the thing had a wild ride today up $250. marginally down and up again before plunging to the close to end the day down nearly $50. we know this company is phenomenal with an incredible run. are the positives baked in maybe not. tesla is holding the annual meeting september 22nd and elon musk is fired up about this. what if he unveils a battery that can go 1,000 miles between recharging if he rolls out a pickup truck
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that rivals ford's f-150 or says berlin's factory is ahead of schedule in short, in a little over two months we'll find out why tesla stock is flying and may justify the move netflix, there is another revolutionary with doubters every step of the way. i can remember when the skeptics mocked the idea netflix was worth more than cbs. now cbs a fly speck. there will be people who question the company when it was worth $50 billion and spent money like a drunken sailor but now it's worth almost 230 billion. like amazon, netflix, irreplaceable service and ridiculously cheap price and we would gladly pay more if we had to in the age of covid-19 pandemic when i get together with friends maintaining six feet of distance, we talk about how to entertain ourselves now that we can't go to the movies or watch sports that's keeping us sane maybe not sane but definitely less crazy like tesla, we used to worry about netflix' balance sheet but it can use bonds, low rates, get
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over that issue. that means momentum is hard to stock even though the stock had an enormous run because it trades with covid case growth. it has new movies is besides the point i highly recommend watching the epstein documentary. a digital health platform that helps people manage chronic diseases it came to its own under the pandemic we had them on repeatedly and announced better than expected numbers. we like them very much think of it as sophisticated to huge covid risk factors. they can add more conditions to the platform, stock got hammered after two vaccine candidates fast tracked by the fda. they would be a buyer into the rare moment of weakness. does that make sense of course it makes sense as long as the companies can keep executing. doesn't mean they can't roll over occasionally as they did today but when that happens, you can start buying them. just leave a lot of room in case they come down even more stick with cramer. nd ask, "why""
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i see a new kitchen with a grill and ask, "why not?" i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes...starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration into your next pursuit. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. stocks by the slice from fidelity. ♪ ♪
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now is the time to support the places you love. spend 10 dollars or more at a participating small business and get 5 dollars back, up to 10 times with american express. enroll now at shopsmall.com. in a highly-connected lexus vehicle at the golden opportunity sales event. lease the 2020 es 350 for $359 a month for 36 months. experience amazing at your lexus dealer. if you follow me on twitter, you know i'm a gardener. i seen pruning, when you prune it grows up harder and that's all i saw with the reversal. not more than that i'd like to say there is 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 tomorrow
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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ tank are jeff stafford and dusty holloway with a product they believe is going to explode in the fishing market. hello, sharks. my name is jeff stafford, and this my longtime hunting and fishing buddy dusty holloway.
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