tv Mad Money CNBC July 28, 2020 6:00pm-7:00pm EDT
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mel, i bought the calls. >> dan >> qqq, sell it in front of the maga >> guy >> pfizer drug comes out pfb, mel. >> all right thanks for watching "fast money. see you back here tomorrow adn't go anywhere. "m money" with jim cramer starts right now. the mission is simple. to make you money. i'm here to level the playing field for all investors. "mad money" starts now hey, i'm cramer. welcome to "mad money. i want to make you money my job is not just to entertain but educate and teach. call me 1-800-737-cnbc or tweet me there are two kinds of covid winners. the predictable ones you can see
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and then the counter intuitive ones that took us all by surprise the dow did 205 and nasdaq lost 1.27%. it's important to go over the companies that shocked this year with the outperformance and those that continue to shock want obvious winners are, well, obvious. people are hanging out at facebook as they're ordering from amazon, search on google. and it didn't take a chance to figure out that the shut down would force people to use the internet if i weren't jimmy chill in real life, i would be jealous of the titans even though the ceos are about to be drawn in court on the house judiciary subcommittee i'm torn because the big tech companies their platforms arguably have too much market power. no kidding they got it by being good at what they do
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that's captaitalism. they've done better job responding to the pandemic than the government but forget the obvious covid winners. i want to talk about the big surprise the things people are doing when you can't go to the movies or ball game or ship your kids to summer camp or tope or take a cruise these are shockers it's never happened before a recession that never had these stocks go higher so i've got the top ten for you. ten stocks that are on fire! they are -- they were able to come out of nowhere and capitalize on the worst pandemic in 100 years i'm not talking about lululemon or tesla, which were hotter than hot even before the outbreak i'm talking about real stutters. number one is polariss they make all sort of offroading vehicles it reported a monster quarter. it was one of the hottest summers on record. atvs, i mean, wow. it's not even the craziest part of the pandemic paradox. normally when we two in
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recession, polaris gets crushed because atv and snow mobiles are discretionary spending the ceo thought it was going to happen again scott admitted they hadn't seen it coming. it turns out riding an atv is the ultimate pandemic past time. think about it you're outdoors, wearing gloves, hey, and you have helmets! and helmets are better than the cool honeywell mask. by the way, of course, you're in the middle of nowhere. i mean, this is pandemic heaven! it should be sitting in the miami marlins dugout if you can believe, as i do, we're many months away from a vaccine. you stick with pii number two, we had a great quarter for sherwin williams apparently people like to paint when they have nothing else to do i would rather hammer nails with my hands but i'm not mr. home
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improvement. houses lose value in a recession. not this one, though, home values keep rising as people flee the cities for suburbs and the experts are important. when you sell your home, buying sherwin williams paint is is a great investment sherwin williams is the stock. and mattell. we had the ceo on last night and he talked about skyrocketing barbie sales big numbers. what i found most interesting wasn't barbie, the numbers were incredible, it's that uno, uno it's now the number one biggest board game in the country! uno! there's like 70 different kinds. hey, we got this on chip, by the way. we got a bunch of things on shift. it is cool it came in an hour i think -- i know people that this is like, what, people have been playing all their lives here it is
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it suddenly got it here. and i know why, you only need two people to play uno it makes the ideal quarantine past time! this is it this is what you do when you're being quarantined! number four is wayfair yes, wayfair i had my doubts on this online furniture retailer the company was on the ropes going into the pandemic but people need to set up the home offices. in order wants to go to a store when they can order off the web. they went to the 220 regularly making new highs for the session. exactly when you expect it to be making lows. and every recession dump the rv stocks who buys a motor home when the economy tanks. now there are so many people want to socially distance --
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which is flying. it's part of the great outdoors which brings us campingworld when we like traders thought it would blow up turns it up from $3 to $36 people love camping in the age of covid seventh is tractor supply. this was never a bad retailer. you can buy nice carhart clothes. i like them. my wife hates them. -- and coming up this weekend. and don't want to come up with anemic zucchinis so they pour on the scott's when no one is looking. i know it's not exactly natural
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or organic but it's blue crystals what is in them? i tell people they spray at night and tell them you have a weed problem and brunswick, the boating kingpin. i know a guy that bought a boston whaler for $30 g and someone offered him to rent it for the summer he had three boys driving him crazy. the added advantage of being a lot of fun we take out my 17-foot boston whaler and do nothing. sometimes we bring sunscreen, we never bring beer again, a normal recession you should be shorting brunswick until the cows come home it's not a normal recession. and the stock is unstoppable you kind of got the no country -- treatment whoa i think brunswick is a beast going into earnings on thursday. beast being positive number ten is boston brew known behind sam's adams
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they got a spike from truly. forget about the lemonade. you can't find it. they're flying off the shelves we continue find any anywhere. it's like white claw last summer in a recession, liquor sales tend to do better. you might have thought boston beer would suffer. nope it turns out people who are stuck at home like to drink and especially like truly. bottom line, coming of the pandemic in this recession, you might have expected -- but so far they've been some of the biggest winners. i think the pandemic paradox can keep winning as long as we get another meaningful stimulus package, looks like we're going to in the not too distant future i would like go to michael in massachusetts. michael? >> caller: boo yeah, big jim. >> boo ya, michael >> caller: is n vid ya at a good
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buy at this price or wait? n vid dwra will be up a lot tomorrow i don't like to buy it when it's up a lot we liked the stock since the '50s but we couldn't buy it since the 100s you have to let it cool off. it has swoons. when you get swoons, that's when you buy nvidia and nvidia my dog is 13, yes, he has some sickness. okay i want people to know, umm -- e we go to eric in michigan. >> caller: hey i wanted to ask you wholesale
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companies. ticker. >> i, you know, herman miller is better of the two. okay herman miller is better. i like -- honestly, that's the way i would go if you want that. steel case they just don't have -- i'm going to use a technical term i learned at goldman sachs. mojo martin in new jersey martin >> caller: hello, mr. cramer. >> hey, martin >> caller: hey first, let me say i've been following you with regularity since the days of -- when you had a partner. >> oh! larry kudlow absolutely >> caller: yeah. i knew him met him a couple of times. one of my clients was trying to hire him.
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>> okay. >> caller: you've done a wonderful job. >> thank you >> caller: i have one preliminary question before we get -- how come you went to harvard instead of columbia. >> i don't know i turned down columbia i don't know my parents thought it was too wild a place for me. i never went to harvard before i accepted it. i just went. the pictures looked good that's what you used to do in the old days now my folks thought new york was too dangerous for me i listened you know -- >> caller: yeah. >> the '68 columbia. whatever that was. i'm sorry, go ahead. >> caller: the reason i asked is because by i that time i graduated columbia law school in '61. at that time, everybody, including you, i'm sure knew about graham dodd. >> absolutely. let's make money off that. let's make money what stock >> caller: pet med >> it's a winner we like it
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i got to tell you, i like this chewy. see the boxes everywhere all right. these winners took us by surprise you know, they're not done okay look at these! these are the paradoxes of the pandemic all right. august is the month of the pandemic really hits i'll explain why and what it means if r the economy and gold prices have soared to regular highs. and find out what is ahead of the precious metal. as more people head back into the office, change is coming to the vertical commute i'm talking to the elevator maker otis to find out how it's helping people come back to work safely stay with cramer >> announcer: don't miss a second of "mad money" follow @jimcramer. send jim an e-mail to madmoney .cnbc.com or give us a
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there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile. . want to know the truth about the pandemic it hasn't hit our economy yet. it's a terrifying moment in march and april. the stimulus kicked in and our economy did come back in may and most of june then the banks reported. i kept thinking we would see meaningful claims for fore beerns but it didn't happen. how bad is goldman sachs hurt as they took out a $1.9 million
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loan provision i figured it they're being too conservative and american reported numbers. over and over on the upbeat call we heard how people wanted to spend. it almost sounded like the pandemic was over. it's not in fact, from an economic perspective, it's barely gotten started. speaking to house minority leader kevin mccarthy last night, i think it's difficult for the republicans and democrats to reach a decision. they're cutting unemployment from $600 to the $200. we need the stimulus package yesterday. the last one is about to run out. yep. august could be ugly why? first, because the $600 jobless benefits were successful propping up the economy, and keeping people at home where they can't spread covid. the checks stop coming next week that happens, you'll see a horrific cut in consumer
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spending we have double digit unemployment in this consumer but it hasn't hit the consumer because of the weekly checks $1200 isn't going to be enough second problem is rent when covid hit, many people stopped paying rent. landlords were able to take the security deposit that was april and may's money and allowed the landlords to pay their mortgages. banks offered fore beerns. i think the extra $600 meant many people who lost their jobs could cover their rent now that the money is running out and we're going it see a ton of evictions and good mortgages turning bad. it will cause problems for the banks. i think that's why the stocks trade so poorly. i would be careful of any real estate investment. third, a great thing against covid is a terrible thing for business and social distancing small businesses that own stores and restaurants have figured out they can't really make money while complying with social distancing even if you have a lemonade stand, of course, spike
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lemonade, people con grate around it and that's the end for that you have to close it i think that a lot of the businesses went through their savings in july and will have to close. you can see millions out of work from this. even if congress reups the paycheck protection plan, i bet many small businesses will be hesitant to take the money it's not enough anymore. i know social distancing is essential for public health but it's horrible for small business i wish the government would provide business interruption until we got the vaccine the republicans think the proposal is not enough it will hurt if unemployment checks cut from $600 to $200 a week the jobless get nothing except for the regular plan until congress comes to a deal there could be a two or three week hold. put it all together and august is the month where the rubber hits the road. unless the democrats and republicans act quickly, it's about to hit us like a freight
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over the last few weeks, the price of gold has exploded higher it's higher than any other point in history except 2011 that was during the debt crisis. remember that? it looked like the u.s. government might default on the obligations. back then the stock mark and the dollar collapsed this time it's different stock market is not too far from the all-time highs and nobody is worried about the united states defaulting, even as our government boroughs trillions upon trillions of dollars. we're explaining it. we're going off the charts with
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carly garner, the -- to get a better read on gold. and the popular quest is silver too, that's on fire. garner predicted gold would have one more major higher. she saw it trading at $1800 or maybe even $1900 she was worried the value would run out of steam she was right about the upside however garner points out gold tends to be the type of market that looks great right until it falls apart. booms eventually turn into busts. this is still a commodity. you might think it's about the pandemic that's part of it. but garner thinks it's mainly because the dollar between congress authorizing trillions in additional borrowing with more to come and the federal government printing
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money we've seen a devaluation in the dollar. that matters because gold is denominated in dollars it helps gold that interest rates are low. take a look at the daily chart of gold versus the dollar index. this makes a lot of things clear. measures our currency against -- we had a weird moment earlier this year where they were in lock step, okay. it was kind of crazy through the march lows to may. lock step is not supposed to happen then june came along and things went back to normal. as the dollar, which is the green line, plunged, okay. precious metals were higher. that's supposed to happen. garner has reached the point where so many traders jumped on the negative correlation bandwagon that it pushed both gold and the green back to over extended and therefore precarious blows this is too extended this is too extended if the dollar can keep falling, she thinks gold can keep rising. that's become a mighty big if in
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this run we'll check out the daily chart of the dollar index. it's trading above 93. and the rsi and the percentage are oscillating. those are key important momentum indicators the dollar is oversold okay you have the dollar oversold really oversold. it's come down too far too fast. it's due for a bounce. that's typically what happens. garner points out that 93 is pretty high. on a historical basis. if the dollar index holds above 3id, she said gold is finished if it breaks down, she thinks the next stop could be 2018 lows gold could be higher maybe a big one. it's problematic because it said it could be big either way i want to zoom out and look at the monthly chart of gold. the last time the precious metal exploded higher like this in july of 2011, the rally went nearly parallel. then we got the blowoff top in
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august as the debt ceiling crisis was resolved that pattern holds garner said the gold market is likely in the process of setting up a reversal. gold won't peak until the dollar bottoms. that's the take away of this the monthly chart is approaching 83, which is very high the williams percentage oscillators all of those maxed out at $99 that's way too high. garner points out the levels are unsustainable. totally unsustainable. they can convert even the most bearish of bears if you sold gold in 2011, and you can see it here, rsi went above $80. well, you missed the $300 gain before the peak. all right. and that's, you know, you wanted to make that get that money. and it's not just 2011 garner noticed the pressure metal tends to rally $300 to $400 before prices implode wow. problem is she's not sure where we are in the pattern. if it looks like the peak in
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2008, gold could rally here. okay or 2000 before it run outs of team up 1 or 2% but if this is 2011 situation, garner could see gold soaring to 2,250 or even 2300 before it peaks. that's a fabulous. 15% to 18% at the moment, she thinks the former situation is more likely but that we get one more massive run, you need to understand that it'll be likely to be a quick probe higher that doesn't last very long. when a gold boom goes bust, it gets really ugly once the meltdown starts, garner thinks it could trade down to $15.25 or $14.50 if you like gold it, you might say that's the price of entry. maybe down to 1300, if we go all the way down 1300 would be painful but i believe the 10% of your assets should be. and the gold options expired today. we forced out the august gold futures by the end of the week
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the exec -- expirations could bring wild action. and the thing about oil, that would be a rapid rally and a sharp decline. i need you to watch out. and i've been bullish on gold. i myself am tempering my feelings all right. how about silver if you're lagging gold, for most of march and april, silver is playing catch up it the point where it's rallying harder than goal does it mean silver is a better investment not so fast. the current ratio is just above $80. it takes 80 ounces of silver -- i'm sorry it's 80. it takes 80 ounces of silver to buy 1 ounce of gold. in march it was 130 ounces so garner thinks silver has some room to play catch up but not too much longer. but this is a big but. it doesn't necessarily mean silver will go up. the gold to silver ratio is relished silver needs to decline less to keep close to the cap. if the dollar breaks down, then garner expects silver to rally
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even harder than gold. many of you are betting on this. it makes sense silver is an industrial metal with more practical matters. gold is pressing on the all time highs. silver isn't close garner doesn't know if we'll see $50 an ounce again if you want to bet on a quick run in the precious metals, silver is the way to go. wow. it's different for me. bottom line, the charts is interpreted by carly garner. the recent rallies in gold and silver precarious. she thinks they could have one last leg higher and it might be substantial. after that, she expects the precious metal to come plummeting back to earth don't try to trade it unless you're berry if you're a long-term investment here that takes into account this stuff and more, go buy gold yes. run by dr. mark bristow. the best miner in the world! jeremy in new york
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>> caller: boo ya! >> yo. >> caller: i picked up shares of gold corps. in the beginning of june and options for august 21st and november 20th. with recent gold prices hitting record highs, i want to know what you think about ktc. >> i like it very much beware we think the chart action shows we could be in for a bit of a hit i like your selection. very smart gene in indiana. gene >> caller: hi, jim i'm very interested in the future of electric vehicles and equipments specifically lithium-ion powered vehicles lithium batteries seem to be used in everything i would like to know your thoughts on a lithium mining company. >> it's okay i actually fear the story that you told could come unraveled. i don't think the honeywell battery is based on lithium. i'm not sure whether we get to
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battery day that the remarkable elon musk actually delivers a lithium battery. let's stay away from that trade. if you have one more move up and i don't know all right. sure gold hit a record high but tonight's charts the rally and gold and silver makes me concerned. try to trade these more ahead we have elevators as a necessity. how does otis plan to make them safer? i've got the ceo, first. stay with cramer as a caricature artist,
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united technologies merged with rafeon. the carrier for climate control and otis worldwide for elevators. you might think it's a bad time to be in the elevator business there's not a ton of new construction thanks to the pandemic, but if you bought otis after around $44, you're up a quick 37%. that includes a terrific 3.4% run today. the company had a far better than expected quarter. i think people misunderstand this business. they make 80% from the service of the elevators you want to get the elevator in and service it so take a closer look with judy marks, the president and ceo of otis worldwide to find more about the quarter. welcome to "mad money. >> great to be here.
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>> first, congratulations. i went over your initial deck in february and the last deck before this. it was kind of schizophrenic because you didn't know where the bottom would be but you shocked the lights out what changed >> yeah, a few things changed. first, and foremost, jim, i have to give credit to the otis colleagues we have been an essential service since the pandemic started and our folks are continuing to service elevators and never changed. but what changed is china has recovered fully and we're going in full pace in china, which is the largest single elevator and escalator market in the world. we're seeing job sites reopen across the rest of the world it was 65% of construction job sites were open in april we're past 90% now and then we just continued to drive improvements through
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productivity, and we were able to drive some expansion of 30 basis points it's promising. >> i saw you this morning on yublt -- united technology i'm not saying otis is a start of this. i think it was a division that if you had it, you could do so many things with it versus what is happening with -- what is happening with all of the missiles, the defense stuff. it does seem that otis is laser focussed in different markets and much more able to bring out earnings than previous. >> yeah. focus matters. greg knew this it really matters it us. we make decisions quickly. we can make little things matter in volume and scale.
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most people don't understand we are the leading elevator and escalator designer, manufacturer, installer, and ma maintainer in the globe. we have 1400 branch offices and 2 million people a day touch our product. what is most important during the pandemic we stay focussed, we deliver essential services, and over half of our $2 million service portfolios is in residential buildings. everyone is using elevators. we kept the hospitals running and helped the front line to the best of our ability. you have huge maintenance. european business and a lot is residential. no one knew about it before the splitoff. >> yeah the 2 million portfolio. 1 1.1 million units we're maintain are spread throughout europe
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so about a quarter of our revenue comes in the u.s. dollars. we hope that we'll get a tail wind from that in the future we have head winds through the first half but as they exchange rates change, but the other third is the south korea, the rupee we have a mix. it's a goody versety. >> i was surprised and maybe it's because of my lack of knowledge but the resilience of the maintenance business and people do not let safety lag it doesn't take a vacation during the pandemic. >> yeah. it's a resilient business and maintenance portfolio is our portfolio. our business model is simple we design, develop, and manufacture and sell them.
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we service them for decades. after about two decades, we modernize them again and continue to maintain them. and elevators are safe our founder in 18 53 invented the safety brake they are inherently safe we ensure they're safe mechanically, electronically. >> i know they're safe but i feel like when i see people on an elevator. i take the next one. we're in a different period. i don't know if people will come back to the big sky scrapers i don't know if i'll feel comfortable being in an elevator with other people again. maybe after wearing masks. what are you doing about safety and about the crisis of working at home for otis >> yeah. half our portfolio is residential. at least half. that's keeping us extremely busy now. there are challenges in the hospitality industry and retail and offices are starting to reopen and for us, it's really
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important is to be there to support our customers. we working with customers on safe reopening we have air purification we introduced solutions for escalators and we have the ability with anti-microbial handrails. even the handrail is safe. in the touchless world, it seems to be where everyone is going. the desire not to touch it we have an app you can actually call the elevator and tell the elevator what floor you dest nate on. we're working with gesturing technologies, as well, for the up-and-down. we've got a great product called compass that is a destination dispatch when you walk in a building and you tell it where you want to go, it tells you which elevator to go to control traffic flow. we've been adjusting traffic flow for our customers in office buildings as they've been
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welcomed back. we want to keep everybody safe we want to study air flow and how we can do it better. it's a new world for all of us we're there for our customers and will continue to be. >> other than new construction in china, what is your take on road map not just in europe but new construction in the united states. >> there's residential construction is still going at a fair pace. and most cities construction itself was considered essential during the pandemic. you know, it's early days to tell but as soon as a building is open, that elevator is in use and we have to keep it safe, maintain it, and repair it so we think while the market may shift a little between residential with commercial,
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office, retail, it's a large portfolio for us across the globe and we're looking forward to continued great results and productivity and making a difference moving people >>well, look, i'm looking forward to you coming on every quarter. you did a magnificent job. we know how great otis is. i want to thank so much. president and ceo of otis, great to meet you, judy. >> thank you great to see you. >> thank you this is a great play on something you can't skimp on, which is the safety of an elevator "mad money" is back after the break.
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ameritrade it is time and the lightning round is over. are you ready? we start with craig in texas craig? >> caller: hey, what's going on, jim. how are you? >> i'm doing well. how about you? >> caller: wonderful i want to give a shoutout to my brother. i had a question about a stock -- it was cvs. i don't know what to do with it. >> cvs is a big position it's been a big disappointment a report first thing in august and they better deliver the numbers or i think we may have to cut and move on after that horrible last quarter. james in virginia. >> caller: boo ya! we came into 2020 with -- lmd.
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>> all right initially people don't like the quarter. how to it's coming back. i think that stock is a bye, bye, bye big in american power. i think it takes out a tie we'll go to todd in massachusetts. todd >> caller: boo yeah. thank you, jim for taking my call. >> of course >> caller: a member here and i appreciate all that you do. >> sure. thank you. >> caller: two part multiple choice question for you. ibm is about 6% of the portfolio. sell it? >> no. i like the changes that are being made we involve with the shareholder pace i want you to hold on to the stock and thank you. omar in california omar >> caller: boo ya, jim. recently back to work after months of watching cnbc and playing during furlough. >> all right that's good. you're back. >> caller: glad to be back
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went with the mix of blue chips growth stocks. calling about cigna. hitting $2.15 on june 8th. >> i think it's a good company i know the chart is awful. it's hard to pick a bottom lieic the stock here i think that group is going to do okay. they will eventually care. we'll go to adrienne in new york >> caller: boo ya. how is it going? >> going well. thank you for asking how about you? >> caller: good. love the show thank you for taking the call. >> thank you >> caller: what are your thoughts on slack? >> i like slack a lot. i think it's a very -- it's a great product and i think it would be great stock the question is, is microsoft really enveloping them or not? they have to decide that let's go to sean in colorado sean >> caller: jim sean hogan in denver, colorado
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new to the show. >> i like that >> caller: the stock i'm calling about had about 60,000 with the $10 strike price two weeks ago and some of the excitement has dissipated, my research shows over the past year, executives and insiders and other insiders have bought into the stock for an average of $10.39 per share i bought it at $9 a share but it's been struggling to hold that so many calls with it being a possible ag play and being affordable at under $10 a share. it's -- >> no. it's just on fire. how can you not be on fire i got to stay away from that one. we'll go to ishaan in new york >> caller: good evening, mr. cramer i wanted to say boo ya. >> boo ya. >> caller: secondly, i am a big fan of your recent -- >> yes
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>> caller: and, third thing, i want to ask about a stock relating to the man's best friend the dog. i want to ask about chewy. >> i think it's a stock you put away it's rolling over here, i know but man and women's best friend will continue to be so thank you so much for saying the kind comments. and that's the lightning round >> announcer: the lightning round is sponsored by t.d. ameritrade a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪
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the winner for pandemic is the health insurance industry. so many hospitals have delayed nonurgent procedures they normally pay for this is a benefit but the stocks are another story. we saw it with united health reported a terrific quarter. we saw it today. stock dropped nearly 5%. it's one of my favorite managed care places. they focus on government-sponsored health plans. it could be a great joe biden stock. nobody seems to care about the results just now they posted a nice top and bottom line. even when they cut their full-year forecast leaving the earnings forecast unchanged. we know they're doing well but wall street worries. let's say it's temporary give me a break. it's a steal let's check in with the chairman and ceo of cnc welcome back to requested mat --
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"mad money." you said business will be choppy during the pandemic. explain to people why it is choppy and a little harder to forecast >>well, because the way they transmission of the disease is taking place, it's bouncing all around we said not too long ago we thought it was going to have a strong april and may we thought it was going to be some small peaks in the summer and then maybe another wave, potentially, in november that didn't happen now we have a very strong peak right now. it's probably a continuation of the first one. it has come back we can't control how people react to it. we can coach them and tell them and it's strong when it's strong it impacts earnings >>well, michael, you used the term that we could see this well
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into next year that's somewhat opposite of the president's time table of october or moderna of october. to me it seems realistic because you have to give people shots and have them walk around for a couple of months, at least, before you know what the results might be. >> we're not going to know how long the vaccine lasts or how long the anti-bodies stay in the system we don't know it there's at will to be proven there's an exuberance around the vaccine, which i can understand. i have it a little bit, myself, but there's a lot to be proven i'm being cautious. >> now, you do talk -- you did have to cut the number of people who are your forecasts again, that's related to this. it's not like it stopped growing. >> we're going to be up $3.5 million billion dollars, excuse me, over what we had last march okay and we always say we're going to
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tell you the backs as we see them now i'm not embarrassed to say i'm only up $3.5 billion but i won't increase the guidance we gave you a few weeks ago. so, i mean, it's all manageable. but you have to be repaired to recognized the backs in a particular point in time. >> you did something bold we don't see people other than jeff bezos try. it kind of worked for him. you opened up a new headquarters a second headquarters. why? >> well, you know, we are approaching the people we need to attract we're working very hard on public safety and things that have occurred here but, you know, that has 120 millenniums a day moving into it and we need to be in that kind of environment it's a good alternative for us we'll be able to track the high-tech people we need.
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>> all right i don't know if you as left wing, right wing, democrat or republican i'm going to ask you a question that bill gates had this morning. what is going on with testing? how can major league baseball get everybody tested constantly, all though not enough. and other people get the results back ten days when it's too late is there because lab corps. and quest and we let the companies merge? because a backlog? where is the bottle neck >> well, i think, you know, there are hospitals that are doing it and some of the major league teams have relationships outside of the traditional quest and lab corps. those labs where they are getting it done they're getting it done more quickly. it's a relationship thing. that happens in the world we live in. they're doing it i want to see the day -- they're
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developing one you have the response very quickly. saliva test and i can't wait for it. >> but the saliva test is university level every time i ask a corporation, they said can't scale. i think it's nonsense. i'm sorry to be an anti-capitalist but no one can make a lot of money off the saliva test so it's not being done. >> it's very scaleable i'm encouraged by it there are people working hard to get it done. and i think they will. there's a need >>well, i mean, to me, centene is a powerful organization that would be against the relationships that you talked about because when i hear relationships, that means rich people talking to rich people. that is never been your style. >> no. absolutely not i think everybody is entitled to the same treatment wherever they go no question about that i'm thinking if you're a major
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league ball club and you have a number of people tested every day, you can probably find somebody that will do it for you because of relationships and that's the world we live in. it's better maybe it's happening. even though we see in baseball, even though there's no crowd -- it's just the reality, jim. >> i know you're a beacon of fairness and what i regard as being an industry that increasingly i don't think is fair enough but i'm so glad you're doing that new headquarters and hiring 6,000 people can't do better than that. thank you. >> we have 3800 people already this year in the last four or five months. what i don't understand is -- we had a great quarter. >> it was a great quarter. >> and then the stocks fell 5%. >> good. let people buy it! it's a great opportunity that's the chairman and ceo of centene. it's a great buying opportunity. you know i feel this way i think it's a fantastically ran company.
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good numbers after the bell. starbucks lays out a strategy i think is a total winner about how he intends to grow in the united states. and then the remarkable they blow the numbers away. once again, what are they doing in they're moving further and further ahead of insetel in sere chips. what a story i think the stock is headed higher i promise you i would find it for you on "mad money.
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i'm jim cramer and i'll see you tomorrow >> 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." ♪ is a solution to an age-old problem in the kitchen. ♪ hi. my name is latangela newsome. i live in allen, texas. -word. and i'm seeking $75,000 in exchange for a 25% equity in my company.
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