tv Mad Money CNBC August 3, 2020 6:00pm-7:00pm EDT
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guy adami. >> top drawer. >> those bk bobble heads, you know, i see it on the etsy they're flying off the shelf, number one number two, we have the great tom rogers on tomorrow to break down dis, number two and number three, toll brothers is going to make a run to that february high, mel >> all right thanks for watching "fast money. se 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. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. i just want to try to make you some money my job is not just to entertain but to educate and teach you so call me at 1-800 or tweet me @jimcramer. we're not winning the war
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against the pandemic and when we're losing, we buy the cramer covid-19 index. oh, i wish there were more to it than that. but when the virus seems unstoppable. you go back to the wealth and buy the stocks of the companies regardless of valuation. that's how the dow gained 236 points today the s&p advanced 2.7%. and winners surge 1.47%. ♪ this rally was extra infuriating to anyone who thinks the market should be linked to washington's inability to pass another stimulus bill now that the $600 a week benefits have expired the rising case counts in so many states, california over 500,000 that forced closures of flagging businesses. so let me give you the guide to the perplexed. because when you go to the tape and look at what's winning, it's actually very straightforward. there's nothing counterintuitive about this move. it's not crazy
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it's not illogical in fact, it makes perfect sense. let's do this. let's consider the 15 best performers of the covid-19 index. first, there's fastly. this is a platform that provides stability and support to tens of thousands of websites. they handle everything from news to ecommerce these guys work with shopify, new york times, slap, microsoft's github as well as pictures. fastly thrives when everyone's stuck at home. we're totally stuck at home. we're totally relying on the internet second, chegg, the internet learning platform. 45% with so many colleges moving courses online, of course their stock is soaring this company, it's a dream come tr true for stay-at-home students and chewy. again, this is another company
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that would have been doing fine but is now on fire thanks to covid. it's a pandemic playground fourth is peloton. oh, there's nothing like a pandemic to turn exercise into an ecosystem when the gym is closed you stop using your peloton bike as a clothes rack and prepare to sweat it off her digital coaching is like the flywheel this spinning brick and mortar competitor. regardless of who comes up with a vaccine, we're going to need billions of files. that means we need emergent biosolutions they're the contract manufacturer for a number of drug companies working on vaccines they have the capacity and the capability and skillset to help. the worse the outbreak gets, the higher the stock goes. six, diabetes is a huge risk factor for covid it's much more lethal for diabetics. so no wonderer livongo health has become a total juggernaut.
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it doesn't get more pertinent than that. when you hear the disease is raging, you know everything tied up in the work-from-home complex is headed higher how do you stay in touch when you can't go to the office zoom video this one's so obvious that it's already become a verb. believe me, zoom doesn't run like this when people are confident about the future number eight, etsy, the online marketplace for all sorts of hand-crafted stuff including masks. they let you build a whole business from your kitchen table or your garage we love it in our restaurants. we bought beautiful aprons for our waiters and waitresses and that's how well we'll do when we're actually able to serve customers in the restaurants ninth, what's a hot 100 list without shopify? which helps hundreds of thousands of small businesses go digital. it's also become a growth engine for large consumer product companies. people don't realize like that it's the largest business in canada it used to be a fraction of
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that tenth is the trade desk which helps companies manage advertising campaigns especially against streaming content. if microsoft tiktok, it makes it more advertiser friendly 11th, you need a web presence, right? come, you need one, probably don't have one well, if you do, you need to go to wix.com again, this is another company that's essentially for small businesses that are trying to survive this stay-at-home economy. notice i didn't say pathetic small businesses small businesses number 12, microsoft, which is all about the tiktok fire sale president trump's threat to shut down the chinese-owned tiktok in america if they don't find a u.s. buyer means that microsoft could get it for a fraction of what it's worth. that'd be a houge coup for a
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company. no other company can compete with them except for maybe verizon. honestly, anyone who can afford it should be going after tiktok. believe me, i would have i could put together a consortium, but i get it goes under microsoft because it isn't under scrutiny like amazon, facebook, or apple. right now the white house seems to favor microsoft's low-ball bid, i don't know. 13, nvidia is more of a rebound play i've heard rumors that they might pay billions of dollars, a semiconductor design company with a ton of apple exposure i have so much confidence in their ceo that i'm good either way. if he decides not to buy, same thing. he's more than earned the benefit. plus, nvidia is a huge beneficiary of their
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stay-at-home economy because of their gaming exposure. how about the 14th beyond meat this was already in costco which reports monthly numbers on wednesday. but their plant-based burgers were just picked up by b jim cramer -- j's and sam's club if you get more people to buy the product, if you can make it cheaper than real meat, that's a gigantic win there's also a pandemic connection as meat packing plants keep turning into covid hot spots, making plants more attractive this is all about a major increase in distribution finally, 15, how can you have a list about covid-19 top performers without salesforce? they are digitizing all over the place because they have no choice which means more work for
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salesforce this is the single best way to figure out how to open up your business safely, not stupidly like so many people do i wish more people would use it. and all the stocks that work today do better with the pandemic than without it they aren't automakers they aren't banks. they aren't smokestack industrials or even drug companies. they are enterprises that have huge demand because the virus has fundamentally changed the way we do things you better believe the cramer covid-19 index will lead us higher and, yes, these companies are absolutely big enough to drag the averages with us and amazingly go much higher still let's go to jeff in georgia. jeff >> hey, jim. how are you doing? >> i hope you're safe down there, man >> you as well, sir. thank you. hey. you've mentioned several times in the recent past that you like proofpoint i own it at 113.
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and do you see any idea why they dropped 12% on friday after they have reported beated earnings on friday >> a bunch of us were trying to figure that out. and we all concluded when we were completely dumbfounded that the stock was wrong, not us. i think proofpoint is a buy. i want to go to al in south carolina >> hey, jim. >> what's going on >> i bought zillow about a year ago. and it's doing pretty good so i just wonder if i should take them off the table or buy >> you're just fine. hold onto zillow it's got that great new management team and they are doing things right i think that you are in very good shape with zillow never thought i'd say that, but, holy cow, you change your model and it works there you go right now we're not winning the war against the pandemic so what do you do? well, you buy the cramer
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covid-19 index these are the top ones today pretty easy to figure out. more "mad money" tonight how is the covid-19 pandemic impacting pinterest? i am talking with the ceo. see if you can pin it to win it. and a clean break in stepping down as ceo. i'm talking with him about the move in the company's quarter. and while some companies met heightened earnings expectations, simple team wasn't so lucky stock took a tumble. but could it be a buying opportunity? i've got the exclusive so stay with cramer. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets. send an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc
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♪ all those big tech companies reporting last thursday night, you might've missed a company that reported blowout numbers on friday morning that's pinterest and when i say blowout, i mean one of the best quarters we've seen this earnings season, maybe this year. results so incredible the stocks surged 36% on friday and another 5% today when the pandemic hit there was a lot of confusion surrounding pinterest's virtual pin board platform slashed to $10
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turns out those sellers made a huge mistake pinterest has regained all that lost ground. now it's 36. that's a new high. while the company posted a substantial beat, the headlines were just the tip of the iceberg. pictures had 416 million monthly average users when it was only looking for 380 million. that's monumental. they did tell us that revenue was up 50% year over year in july and 30% revenue growth, that's astonishing. i got a chance to check in with the co-founder and ceo of pinterest. ben, welcome back to "mad money. >> thanks for having me, jim how are you doing today? >> well, i'll tell you, i'm terrific because it looks like the good guys are winning you have the cleanest, most fun and inspirational site and it looks like the advertisers have figured out that this is the brand-safe place to be
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>> well, we've been really happy that so many businesses have been able to find success on pinterest over the last few months >> it has been a fabulous thing for small businesses because they've been able to be found. one of the things i really loved in your conference call was you said ecommerce is great when you know what you want to buy. but if you want to browse and discover what is inspiring, pinterest is the best place to go >> yeah. i think that people have always come to pinterest first to get inspirations, to get an idea for anything it could be redecorating their home or finding a home workout and then they think about what they need to do to make that inspiration into reality so that just presents a great opportunity for businesses who know there are customers out there who are looking for their products but they might not have heard of the specific product name or brand. >> it does seem that the advertisers also like the tabs for instance, you have one that my daughter looked at for glamping
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what a great place to reach the people because otherwise it's too diffuse. you don't exoefrp where to go. >> yeah. i think that if you can reach people who are actually there looking for inspiration. they haven't decided what they want but they know that they want to do something new in their life, that's a golden opportunity for any business >> todd had a great point on the conference call talking about how the boycott of others that are controversial did help you and i know that the big spurt in july traffic 50% helped too. these are huge tail winds that do you think that they have any sustainability >> well, i think that we've seen great growth amongst our user base all over the world. we've seen that now for several quarters in a row. so to me what that says is that that need to get inspiration and to plan what you might want to do in your future, that's something that's pretty global and that sits alongside other needs people have to connect with their friends or read news.
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and i think that that tail wind will continue. as for advertisers wanting a place that they can inspire people and that feels brand-safe, it's hard to say how long the current movement will last but we think over the long term, advertisers will always want a place where they can inspire their customers. so we're laser focused on providing just that. >> now the international growth was really extraordinary you made the point several time on the conference call that it's english-speaking it seems like it's got to be more than that what countries -- obviously the uk is very important but the growth is so stunning internationally that i'm trying to figure out which countries have been so important >> you know, the great thing, jim, is we are seeing growth all over the world and so we have seen great growth in western europe and latin america and brazil and parts of asia and over time what's wonderful is we are starting to see business results follow. international revenue only comprised about 9% of overall
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revenue last year at this time now it's up to 15% so we're starting to see the same formula that's working really well for businesses here in the united states also work well for advertisers around the world >> you have said over and over again that when you do these great technology leaps, it's going to pay off you did them, and yet wall street seemed to be completely unaware that they had kicked in. what do you think was the disconnect because you've been very open that when you finished this great r&d effort, it's going to lead to extraordinary readership >> well, jim, i think that we're at the company just very focused on what we think will in the long term best serve our customers and best serve advertisers. and sometimes there is time for those results to actually show up in financial results. but we try to look out 12, 18, 24 months and think what are the big technology investments that we need to make to help deliver inspiration to people all over the world. and that's the approach that we're continuing to take so while we've turned down spending a little bit, as every
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business has kind of going into the pandemic, we still are investing heavily into the long term, machine learning, computer vision and other technology elements that we think will fuel growth over the long term. >> ben, a lot of companies at the end of their conference call mentioned -- and also we believe in racial justice and we're giving x, and that's it. clearly, you put it at the top of your conference call in your letter, which was excellent. how do you avoid being so-called controversial and yet doing the right thing because the site is the least toxic site in the world, but there are people who regard racial justice, believe it or not, as polarizing >> you know, we really believe firmly that our company has a culture and our product should be one that's inclusive for everyone so there's been national and an international movement for racial justice pinterest has not been left out of that. and it's been an opportunity for us to look within and also to
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the investments and think how do we do better so inside the company we're renewing kind of our obligations to improve representation at senior leadership level to build an inclusive culture but we also want to make sure that when you use pinterest regardless of your background, you can see yourself in it you can find something inspirational. we don't think that's going to be something controversial over the long term. we think that'll make the product better for everyone. and we inspire to build a product no matter what your background is, no matter what country you live in, no matter what your particular interest is >> i wanted to point it out if you're just looking at it from the stock, go to the site and you'll see how inclusive i find it one of the things i find most inclusive is that you have been able to span the generations you have resurrected users but you have young users, gen z that you call them that seem to have been lost in the fray and you're either in tiktok in kind of a mindnumbing experience or
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you're all the way in facebook and you have decided already that you're going to use colgate and not crest. how are you able to attract a gen z crowd that no one else has been able to reach >> we were really proud to see that the population of users under the age of 25, which we call gen z grew at twice the rate of other groups and when we looked at what they were doing, they were looking to pinterest to get inspiration in their everyday life. some of those use cases are exactly the same as all age groups people thinking about how to make their living space more liveable, thinking about their personal appearance, their personal health and wellness habits we also saw a particular strength in creative activities. so people that wanted to try something new just for themselves i think what it reflects is that a lot of young people, they sort of have their fill when it comes to social content and news content. that's really well served by other platforms. but when they look within about what can i do that will make me feel good, they're looking for
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inspiration and pinterest can serve to help if ill that gap. >> i think that's the perfect way to leave it because you have succeeded beyond everybody's wildest dream except for your team you all knew that you're doing the right thing. and the right thing definitely wins out in the end. thank you, ben great to see you again, sir. >> thanks, jim thanks for having me and hope you're staying safe and healthy. >> you too okay i like the stock, but i want you if you like it to go to pinterest, look up your favorite categories so you know what's behind this. it's not just a stock that's doing well stick with cramer. welcome to kram america. you can see more of me on peacock, the new streaming service for nbc universal. go to news on peacock to stream "mad money" tips and get tips for free learn more at peacocktv.com.
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seemingly strong quarter their cleaning products are exactly what you need to protect yourself from the virus. sure enough the company's doing very well. they posted a monster 42-cent earnings beat with substantially higher than expected sales with 24% organic growth i've never seen a number like that it's insane. but clorox also gave us some guidance for their next fiscal year and it was conservative i think maybe it's just underpromising so they can overdeliver? i don't know we also learned that longtime chairman and ceo ben would be relinquishing the ceo to the current president linda. and that's effective september 14 i would not be at all surprised. given how much the stock had run going into the forecast, that's why the stock tumbled 2% by talking to ben, he is the clorox chairman and now outgoing ceo to get a better sense of the
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quarter, ben welcome back to "mad money." >> thank you >> well, first, before we get into the formal part about clorox, i just want to congratulate you for a great run. very few people finished on top. you decided to do that i know you've got great things you want to do in your life. and you have a terrific successor who i had the good fortune of meeting so i think you're leaving the company in great hands >> i sure hope so. first of all it's been a great honor and privilege to be the ceo of this great company. and it's a good time for a tradition, which was strategic and well planned we have so much momentum on the business we have a strategy that we believe in and, as you note, we have a great successor. and, importantly, we want to continue to take a long-term view of this pivotal opportunity that we have now and for that it's a really great opportunity and thing to have,
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to have a ceo at the helm who has a long runway. >> i think there was way too much attention and for people at home there's a conference call that went on and most people are focused on the forecast. i'm not necessarily as focused on the forecast because i have it tell you i have no idea whether it'll cure this thing or not cure it. but what i do want to talk about is the tremendous energy you have brought and the new formation of the different divisions and what it means. because as far as i can see, it's everything from kingsford to your salad dressings to your litter box to the bags and of course to your probiotics. there really wasn't a division besides clorox that wasn't on fire >> you know what's great about this last quarter with 24% organic sales growth and this last fiscal year which we just closed with 10% sales growth, which, by the way, is the highest organic sales growth
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we have had in modern history, is that all four segments grew double digits. so we are seeing broad-based strength and it's certainly in part a function of the fact that our products and brands are serving so many more consumers today in the face of the pandemic with people staying at home but we also are seeing much improved core health fundamentals we are seeing growing market shares we are seeing growing household penetration. we are seeing the percentage of our portfolio that is seen superior in value by our competitors at an all-time high. this is a time when consumers are in need of brands that they trust. as the clorox company, we have so many of these brands. >> i see the different surveys which talk about the trust and we had adam aaron on from amc. i know the uber people very well i know the united people very well they chose clorox to partner with and i know why they did it because with clorox we feel
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safe that is a great honor. how did those deals come about >> they came to us because they know that we have not just the most trusted brand in cleaning and disinfecting in the united f knowledge from being in this business for many years about cleaning and disinfecting protocols that are effective so, this is an emerging strategy for us to help the country reopen whenever hopefully we are ready to fully commit ourselves to doing that. we need cleaning and disinfecting protocols in public spaces that keep people safe and protected. and, importantly, we need people to feel confident that they can come back out. and that's where we can make a difference and the partnership we've had with uber, united airlines, amc theaters, and recently also the cleveland clinic, attributed to that >> now, to me the cleveland clinic was a sign that your company is now about hygiene and
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good health. and the hygiene is in secular increase, not cyclical so, i separate hygiene from a recession and you talked about what happened in the recession, although i think as you said, trusted brands gain in a recession. but i think your companies reposition on the fly. and it didn't necessarily start out as a hygiene company but it ended with clorox as a hygiene company. >> we are certainly a health and wellness company at heart. it is a big part of our history, and it certainly is a big part of our future. as i think about the growth unity that we have is to help serve the public in the face of the pandemic but certainly also well past that we expect that consumers and institutional customers will engage with disinfecting products in much more significant ways for a very, very long time and that's why we're investing one of the things that led to,
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you know, an outlook for this coming fiscal year that some people view to be as conservative, we view to be as appropriately balanced in the face of uncertainty, is aggressive stance to investing we are investing in advertising sales promotions to engage with consumers. we are investing in building capacity to take advantage of growth opportunities around the world, around cleaning and disinfecting and we're investing in our people and business transformation this is a time for our business to play offense and that's exactly what we will do. >> now, i noticed in linda's background, she has a lot of international. and i know that she also worked at procter, which is an international company like you i was thinking the clorox brand resonates more internationally i spoke to the lysol people the other day. clorox, premier brand. it's got to be in the same in europe they have to view it that way, but that's expensive to take over europe, but you got to take them on. >> yeah.
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we are known to be very disciplined when it comes to making expansion decisions and that's not going to change at all with linda. so we have so much growth opportunity here in the united states, and that will be our core focus going forward but it is very true that we also are looking at a lot of growth opportunities internationally, whether that's europe or in asia or in the middle east. we've just announced that we're taking over the majority in a joint intelligenture that we've had for the last 50 years in saudi arabia giving us an opportunity to serve our consumers in the gulf region so we will pursue these growth opportunities. but, again, we will pursue them with discipline. >> do you think your legacy is the fact that you're the first ceo of a major company that i've met who put more emphasis on compensation, on doing the righ thing for the planet no one else is doing that and it was your idea.
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>> uh, that's given me a lot of credit, and that's very kind i don't know if that's true, but if i can have contributions, then i'm certainly happy i think my legacy is hopefully the position that we're in as a company today. and that's one of opportunity. that's one of fundamentals that are healthy. and importantly that's one of a management team. and a new ceo, a female ceo, might i say, a first female ceo in our 107 years' history, it's her and what she will be able to do going forward with hopefully a little bit that i've been able to contribute. if that's my legacy, i'll be very proud >> you should be thanks again my trust as a big shareholder, thank you for everything you've done for all your shareholders that's the chair and ceo of clorox, a fundamentally reinvented company we didn't even get to the probiotics division.
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what a great job district to work in. "mad money's" back after the break. nasdaq reaching all-time highs. which companies are fueling the record run what the milestone signals for the investors. "squawk on the street" tomorrow 9:00 a.m. eastern. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? given my unique lifestyle, that'd be perfect! let me grab a pen and some paper. know what? i'm gonna switch now. just need my desk...
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♪ like i said in the top of the show, we're in a covid bull mark right now the big winners here are generally the stocks that benefit from the pandemic economy. but not all of them are benefitting equally. take the company that makes cloud-based collaboration software that has been so strong for so long. last thursday night, at last scene, let's call it mixed quarter. while the headline results were solid, they added fewer new customers than the analysts expected maybe more worrisome it was complicated and wall street likes simple
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everyone's used to simple from atlassian. in response the stock got eviscerated on friday. i think that can be an overreaction so is this a rare buying opportunity that never seems to stay down for long or maybe we should be more concerned. we are going to get a better read on the company's prospects. welcome back to "mad money." >> hey, jim, how are you doing >> all right, well, mate, as you like to say to people in the conference call, we are all so used to atlassian shooting the lights out are you surprised that your stock dropped post earnings given that heritage? >> look, i think we delivered a really solid quarter we had a great year. revenue up over 1.6 billion, 30% free cash flow margin. we continue to be a
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long-term-focused company, as you can see in our results we're focusing on building the best business for our customers in the long term and we believe that will have the returns for shareholders in that period of time. >> but you too have a lot of supporters covid-19 challenges, especially april, may, moderation of new customer additions might've been affected i have to believe that covid-19 did slow some of the purchasing or the integration that atlassian needed >> uh, a little bit. it's actually more on the churn side so it's certainly we saw more t smaller customer we have 174,000 enterprise customers. so, a lot of those are small and small business was really, really hurt by the economic churn that happened in april and may. and, hence, we saw some of that in the customer numbers.
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and, at the same time, it was our highest ever quarters for new ads. so the number of new customers that we brought in was our highest quarter ever so we continue to be bullish >> so perhaps it is wrong to look at the aggregate numbers and better to look underneath and see the large deals. >> sure. we're doing very well on that front. we passed a hundred customers. that's been more than a million dollars a year, which is up 74% year on year so at the large end of town we continue to do really well as we get greater and greater. enterprise penetration in the fortune 5000 >> when i first saw atlassian, i thought what you guys were was just communicating with people in the organization. then i got in charge of a major software overhaul. i realized that atlassian is the only way to be able to control the cost of a major software overhaul, particularly one that is going to the cloud.
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>> uh, we should put you on our marketing, jim, that's a great way to explain what we do. for sure we're obviously an incredibly powerful force in the software development agile and devops movement and increasingly so in the i.t. market as people who build software and people who run software are increasingly working together or becoming one team we do think we have the only platform that spans across all of that work that is incredibly complicated for teams to do inside of companies and incredibly important as the world continues to digitize and software becomes evermore important as a competitive advantage to every single business out there. >> now, you do make a lot of acquisitions and i'm not good enough to be able to keep up with other than to say they got square, they got ebay, they have spotify, cisco, airbnb, nasa, toyota, they must need these things in order to be
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able to please their clients >> for sure. mineville added an asset management capability. you have tens of thousands of assets from laptops to services to different things you have to track and manage and support the number one request from our i.t. customers in that market was, as i mentioned, the capability is the native part of the platform and we're super thrilled to bring on the mindville team so i think that will be great. and help is about providing service. so when people want a legal contract or an image for marketing or need a new laptop and how that's provided is a native slack application, one of the largest applications in the slack ecosystem, which obviously as people move to
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messaging-based work flows, it's incredibly important area. >> now, you have a big fan in a company that i follow. brilliant managers there they can get anybody they wanted this is a hedge fund that has phenomenal long-term performance. i imagine they evaluated everyone, including github because they know microsoft very well and chose atlassian and that's a great plum for you. >> they did. they moved from a very large legacy itsm solution across to a much more modern desk and confluence-based solution. you know, super great, on point i.t. and engineering department there. and we're thrilled to have them as a customer and even more so to have them move off an alternate solution >> so when i look -- again, i'm stuck with this darn research. we've got jeffrey saying even
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super stars need a break and we have bmo saying time for a pause. i mean, to me this means you've got to buy because if it is just a pause and you need a base, atlassian is going to roar ahead it sounds like the cadence of the months was good. and your stock is a very expensive stock but for a lot of good reasons >> absolutely. look, we've been very clear in our shareholder letter and in our communications we're a long-term thinking business we're going after the fortune 5000 in three or four giant market areas and we're taking this opportunity, this economic challenge and turmoil period to really invest and double down in our strength areas we are going to hire 1,000 people in the next 12 months we are not slowing down the r&d and the products we are building we did this in 2008, 2009, and we came out really strong from that period and set up a decade
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worth of growth. that's exactly what we're communicating that we're going to do this time around >> but you've still got that low-price offer. you can go to the website. i was always intrigued you can actually get for like 7 bucks you can still get atlassian's firepower? >> even more so now. so we just in the last end of the quarter before this, but the first full quarter that we've had free offerings of our major applications so dura software and service desk and confluence now will have entirely free offerings for less than 12 people. we unleashed the potential of every team so to get your whole team running for free, if it works and provides value and the software manages your cost, as you say, then you'll add another team and once you move to 11 years, then you become a customer >> congratulations on your success. i think it's just a pause that's refreshing i know you guys are too good at what you do.
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to spread the love and to support our community. at this point, people's livelihoods are at risk. what can we do to support each other? there's no room for competition. we're so much stronger than if we were to stand on our own. ♪ lightning round is sponsored by td ameritrade ♪ it is time ♪ and then the lightning round is over are you ready? we'll start with mark in wisconsin. mark >> hey, jim. how are you? >> i am good how are you? >> i'm doing great thanks hey, jim, health insurance is
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essential. ehealth sells it online. profits and revenues beat expectations they raised guidance, but the stock has been sick. short interest is high what do you make of it >> yeah. i think it's just a big, big raid on these guys i want to get them back on we had scott demanders on. i thought he told a very important story. if they come back on maybe we can duke it out with what the shorts are saying versus what scott says let's go to ryan in new york ryan >> jimmy, boo-ya >> i'm chilling. what's going on? >> thanks for making us all smarter investors. just wanted to give a quick shoutout to my bro marcus. been watching this since february religiously let's get into it. playing off your california gold rush theory. what do you think about -- >> you got it perfect.
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that's exactly what it is. when you go to a doctor's office, you go to the hospital, there it is. they own whole parts of the real estate in hospital i think it's a buy even though it just roared let's go to kurt in tennessee. kurt >> jim, how are you doing? >> i'm doing well, kurt. how about you? >> good. i want to ask you about alexion pharmaceuticals. >> i think they're terrific. i've liked them for a long time. they do a lot of stuff it's very complicated stuff. i thought they were going to be in the running for what's going on with covid. you know what, i do think that the problem with them is that everyone always thinks it's going to get a takeover bid. they always think so and that's what causes the stock down some fluff. let's go to ashton in texas. >> hey, jim, big fan i really enjoyed your commencement speech. >> thank you
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i got some nice words on that. i appreciate that. thank you. >> my question to you is regarding -- it's been an all-time high levels since may do you think there's still more upside >> yes, i do because as long as this pandemic rages, there are very few things you can do outside and golf is one of them. you can also do croake, not as fashionable. let's go to roger in california. >> sorento therapeutics. i know it's gone up significantly over the past few months >> my wife and i were talking about it we said why is someone doing a saliva test for the virus? and sure enough, they did. i was skeptical but it's now moved up quite a bit i know there are a lot of shorts so far so good let's go to sean in rhode island sean >> hey, boo-ya thanks for having me
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>> thank you >> i wanted to talk to you a little bit about the company zale trade's pretty low at about $11 a share with a $2.50 dividend. in the current crisis now we're in having a small percentage of my portfolio >> no bigger than that because they are a company that is so up or down. worldwide recession, and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade ♪ ♪ ♪ ♪ ♪ ♪ woi felt completely helpless.hed online. ♪
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went down to 42nd street yesterday in new york. it was like being transferred back to 1979 you had to look both ways coming out of grand central station not for cars but for the possibility of being mugged. these days the devastation is all about the virus. you see so many vacant or boarded up storefronts and you recognize the names, lots of venerable institutions the survivors pointless and endless bank branches that only open during the week, making the neighborhood feel even more desolate over the weekend. and clothing stores, how long before the formally well situated loft closes its stores? at least that particular stretch in midtown is a little too upscale for lord & taylor and men's wearhouse.
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these were in the death spiral before the pandemic hit. the movement just pushed them over the edge. who needs a suit if you never leave the house? other than me, of course i was born in a suit we wear ones on weekends people mock me for my saturday night french cuffs lord & taylor got sold to latote for 100 million back in september. that was a very smart sale and a very dumb acquisition. truth be told it actually came as a surprise because i forgot that lord & taylor was still in business they had been tore to pieces i've been thinking about this, the advised nature of that maybe they had a wayback machine like mr. peabody because there was nothing short of time travel was going to save that business. in the end, the whole department store category may be vanishing. we know that the much fancier
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neiman marcus has too much debt. department stores are highly cyclical beasts, always have been they were always going to struggle in a recession. but a recession where their core white-collar customers work from home 42nd street had a lot of restaurants. new york city's been hostile to small businesses any downturn would've crushed some of these smaller players. but social distancing is absolutely deadly for nearly all of them. a handful of tables on the sidewalk outside the capital grille seemed like some sort of weird outpost. to araphrase, the fabulous lieutenant markoff, every diner does his do you telly at capital grille, dead or alive.
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the main takeaway is always is that the economic devastation of the pandemic is falling most heavily on companies that aren't publicly trading will macy's end up benefitting or will they get crushed like everyone else? it all depends on how fast we can crush this virus right now we're way behind nearly other first-world countries, and many other third-world countries too. we need all the help we can get. ♪ three unique gummies for your unique needs. find peace. boost mood. sleep well. stress comfort comes naturally, only from nature's bounty [ engine rumbling ] [ beeping ] [ engine revs ]
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♪ "american greed. bernie madoff is serving 150-year prison sentence could poor health and a global pandemic set him free? or will he stay behind bars until the day he dies? we've got some new reporting and more do not miss tonight's "american greed. so 13 years ago aaron burnett asked me about what i thought about the republic and i was quite vociferous that i thought that was asleep. there are some good clips on twitter. but the most important thing is the fed is not asleep this time. we are doing quite a good job. and i am going to stick by that view there is no need to go ballistic about that tremendous booking for tomorrow night. take two interactive there is always a bull market somewhere and i promise i will
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always find it just for you. i'm jim cramer and i will 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." ♪ who believes his business could be the next big thing in fashion. ♪ my name is craig french from long island, new york. my partner deniz and i came up with a clothing company called crooked jaw. i came up with the name
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