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tv   Mad Money  CNBC  August 6, 2020 6:00pm-7:01pm EDT

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and the best balance sheet within home builders dhi, buy, buy, buy. >> guy >> thanks for watching watching see you back here tomorrow "mad money" starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach, put it in context call me 1-800-743-cnbc or tweet me @jimcramer what happens if we're forced to reopen without fiscal or viral protection oh, that's what this market was pondering on the day where the dow gained 185 points.
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the s&p advanced 0.64% and the nasdaq jumped 1% the world where the democrats and republicans can't make a deal on the next round of stimulus, so states have no choice but to open up. open up everything, using masks and social distancing, as their only backstops because otherwise everyone goes broke. you just can't stay shut down without the federal lifeline come on, right the states don't have the money for it but the log jam in washington is starting to get personal you could see that when i interviewed house speaker nancy pelosi this morning. i may be naively asked if we could at least get a deal with the gop to help out minority owned businesses in honor of the late, great john lewis here's what speaker pelosi shot back >> can we give a huge chunk of money to minorities who want to stay in business and can't, and to people who are trying to go to college or have student
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loans, who are minorities, who are the most effective, because they have the least chance in our country, that's got to be something both sides can agree to >> perhaps you mistook them as somebody who gives a damn. >> hmm it doesn't seem like the kind of thing you say if the negotiations are making greatth brainer for both sides there's an election in three months, for heaven's sake. mitch mcconnell's majority could be in jeopardy on the democratic side, if they block a deal under go big or go home, the president said he'll issue an exec save order what are they going to do? those checks are a democratic priority you can't come out against them three months before an election because of something like separation of powers or checks,
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balances the stuff from fifth grade so i think both sides end up with a compromise. but maybe i'm not being cynical enough at the end of the day, i'm a stocks guy, not a politics guy but we need to talk about this politics stuff now and then, because yesterday we had a powerful rally based on hope for a vaccine and the possibility of a deal in congress today, no vaccine news, no testing news, no nothing, and negotiations in washington seem to be going in the wrong direction. yet we still ral yesterday g -- rallied. each day you have to switch balls, this is not a bullfight, something i deplore, because the bull did nothing to deserve that torture. it's more like the world's most phonetic rodeo and you need to figure it out. why did the dow plummet yesterday and bounce back today? you know what we've got to do? talk about these bulls and what
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happens when they burst out of the pen with you on top of them. bull number one sees a vaccine right around the corner and more help from the government on the way. this is nirvana for the market and everything moves up. bull number two has vaccine in its sights but no stimulus package. that produces strength in the growth stocks. bull three, no vaccine news but stimulus news. and finally, bull number four, no vaccine news somewhat soefr a -- whatsoever and no stimulus whatsoever but the cramer stocks can lead us higher byn about $15 trillio worth. today, the state department lifted all travel bans, which is funny when -- america is one of the worst outbreaks in the world.
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wasn't italy the worst at one time today we had the fourth kind of bull market, so what happened? first, the big cap growth stocks just went crazy. it was amazing facebook's become a lifeline for small businesses trying to transcend their brick and mortar prisons. when your cities lock down, or you enforce social distancing, it's like you can stand here and like here and like here. ever see that? all i do is look down. these retailers have to find another way. facebook makes that happen, which is why it serves 6% today. fab mouse m.o. but we can argue no stimulus means people don't have enough money. i think they got slammed because they ran way up too much salesforce is the king of the cloud. it makes large enterprise more efficient, especially when it comes to landing and retaining new clients. customers don't need a bailout by the stock
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apple, i've been push thing stock for years. own it, don't trade it now apple is getting the valuation it deserves because wall street is starting to realize that the stock is going up on the lifetime valuable of its loyal customers. for years, i've said this stock should have a much higher price-to-earnings multiple, like proctor and gamble no wonder the stock keeps surging. it's a wholesale rerating as they say on wall street. and microsoft, they rallied, too. i think the president wants to get a cut of the tiktokdeal. but companies who get a sweet heart deal should kick something back to the treasury what about disney? you think this would be a vaccine play no disney is a growth stock with a fabulous streaming business and
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huge balance sheet that allows them to wait out the pandemic. they're making a mint from did pli plus, while the parks can afford to wait until next year the airline stocks rallied today because the state department lifted its travel ban. comical move, given that your american passport isn't worth the paper it was printed on. if you went on an airline, buy southwest, but the best performer is going to be american it has a ton of international roots. the hotels with overseas properties soared, too buy marriott, that's what you always do. lifting our travel ban means next to nothing. even the cruise lines rallied, despite they're mostly canceled until november the bottom line, now you know the rodeo. when you see the bull burst out, remember you're the rider.
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as long as you know which bull you're riding, you know which stocks will rally on any given day. of course, you can always sit on the sidelines in cash, as so many brilliant hedge fund managers say to do so. so far, bull riding pays a lot better bill in delaware, bill >> caller: hey, boo-yah, jim how are you doing today? >> couldn't be better day. how about you? >> caller: well, it could be worst, but it could be better. >> that's a good way to look at it >> caller: did you have any problems getting jimmy dean sausages the last few months >> no, i eat beyond meat sausages, partner. >> caller: come on, man! >> they taste as good as when you have a vegan daughter, partner, that's what you serve >> caller: what's that >> i got a vegan daughter. what am i supposed to give her,
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jimmy dean >> caller: isn't tyson a big part of them >> yeah, but tyson is awful. >> caller: don't tell me that. >> sometimes what you do analyzing stocks, you say that company is awful i know that sounds like buffet, but sometimes i get real fancy scott in california. scott. >> caller: what's up, jimmy chill? >> the chill man is a little fired up what's happening >> caller: here's some stocks reporting earnings next week the thin tech stock, stone co, it relates to processing e-commerce transaction so it's got a 35% profit margin. >> it has been a winner, i know. you know that my grandfather has three brothers that went to brazil and i've not been able to find them. so if you're watching in brazil
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and your name is cramer with a c, think of me carl >> caller: hello, jim. hello from eastern iowa. you should get a medal for all the help you give us young, small investors. >> thank you so much thank you. >> caller: well, you deserve one. my stock is solar edge >> oh, we like solar edge. look, first of all, we have gotten solar power in this country so it's cheaper than all other forms and solar edge is one of the reasons it's a high multiple stock but it makes real money. it's one of the few i like i've got to put together a new solar package and put solar edge in it. david in washington, david >> caller: boo-yah, jim. >> boo-yah >> a penny for your thoughts on the retail group qrta,
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e-commerce owns qvc. the stock has bounced back i wonder for the current administration, could this stock have a chance to keep growth momentum >> you know, i'm going to have to look at it. the reason i'm not going to dismiss it is because of the chairman greg is a brilliant guy and has done a lot of great things let me do more work on that. i'll talk to my friend, david, who knows greg well and see if i can't get more to know about this company than i do right now. great questions, by the way. and the jimmy dean guy, it's james dean, and he was in a lot of really good movies. here we go, you know the rodeo make sure you know which bull you're riding on these are some good bulls to ride on "mad money" tonight, poppa john's, which has a darn gooz
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p -- good pizza, but the stock took a tumble today. is it primetime to slice out a space for yourself in the stock? i'm sitting down with the top brass. and etsy reported a knockout quarter, but the stock went down a little bit could they have a comeback let's sit down with the ceo and find out and my exclusive with work from home winner great yield, maybe tiktok enthusiast, don't know, verizon. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc ado something he tmadmoney.cnbc.com. experience the adventure of a bigger world
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we know the pandemic has given a huge boost to anyone in the restaurant business when the business is built around delivery when covid hit, they were making big investments to improve the digital operations, and trying to polish up their image with shaq as the new face of the company. but when papa john's reported this morning, they delivered a very strong quarter that still was not enough to make the stock rally. while the headline revenue
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number was a tad light, most importantly the same store saleses with spectacular north america, up 28%. internationally, 13% and july is even better. up 30% in north peamerica, 40% internationally. a lot of this was baked in because they gave you top line results at the end of every month. but these are staggering numbers. this could have a lot more to go you have to wonder how much of this business sticks if more independent businesses go under while waiting for a vaccine. so let's big deeper with the president and ceo of papa john's, and what he sees going forward. mr. lynch, welcome to "mad money. >> hi, jim thank you for having me. great to be on the show. >> i'm so glad you're here maybe you can explain how a company can add 3 million customers in a short period of time >> you know, our teams have been coming up with great ideas for new products and our marketing has been on point.
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you know, we've been working really hard to create a new equity for our brand you mentioned yourself it's a turn around story. the marketing teams have been doing a great job working with shaq, this big guy right here, to bring new ideas and the customers seem to like it. >> the first thing i asked, and i know everyone was quiet, but who is getting that pizza after this show? it's great looking i remember papa john's, i always took my kids there when they were little. but this is obviously a new papa john's and you're doing many things right. you're catching up technologically, but you may be ahead in terms of taste. when we analyze taste and simple ingredients, it's papa john's. >> yeah. i mean, that's the basis for our whole turn around is really our food we believe we put the best ingredients into every pizza better ingredients, better pizza is our tag line. we try to live up to that.
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we invest a lot into the ingredients and the sourcing so we think it delivers a better pizza. the shaq-a-roni, the crust, the way it's made is different than anything we have ever done but it's shaq. it's got to be different it's got to be his style so the customers like it we sold over 2 million already just in the first month. and that's actually general rating $2 million in charitable giving we'll give back to communities. covid relief and the fight for racial justice so really great products, great customer response. but it's doing a lot of great work for our communities, as well >> i don't remember if you remember, i got to meet shaq when you came to the exchange. first of all, he said he likes the show but he made the point he would not have joined you unless you had the right culture and a pizza he loved he's not an idol spokesperson for papa john's. >> no, he's a board member, he owns restaurants he reaches out to me every week with ideas on things we can do
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from a business and product stand point and improve our culture by giving back to the community. he's a great partner we love having him on the board. we love having him as a spokesperson, and we love what he's doing for the communities that we're giving back to. >> now, it is your anniversary, congratulations. you've been there a year the rob lynch era will be known for technology, great taste and the fact that you're trying to hire a huge number of people at a time when there's a lot of people desperate for work. >> you know, jim, it has been a year, which is hard to believe it's been a pretty normal year exactly what i expected when i took the job, a global pandemic and everything else. but it's been an amazing year. we've made so much progress. you know, the thing that really feels great is our plans haven't really changed in the last four or five months since we've been dealing with the pandemic. we instituted our strategic priorities back in q-4 of last
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year, q-1 of this year and we're making a lot of progress the pandemic just force us to accelerate all those initiatives. we believe in diversity and inclusion, and we have put a lot of work into that. that is frankly one of our key ingredients of success over the last three, four months. we have a team that believes in what we're doing, feels great about what we're doing, december pr -- despite having to work remotely >> one of the reasons why i feel it's not done is because when i looked over to the fax coming into the session soonltonight, s surprised that papa john's has far more room to be able to put up new stores, both here and around the world >> that's what we're really excited about, jim we talked about it on the earnings call today. new store development is a huge platform for growth for us
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we have about half as many restaurants domestically as the two largest competitors, and less than that as a percentage internationally. so a lot of white space and a lot of excitement right now about getting into the pizza business it's proven to be only a pandemic type of business. as this continues to prolong across the globe, we have a lot of excitement internationally from prospective franchisees that want to come in and pick up our brand. >> you should talk about real estate if you came in a year ago, you would have paid up and you would have had bad roi now you say we haven't -- you say real estate will become available that wasn't available before, and it will be at a better rate. >> we hope so. we hope there's opportunities to continue to seven communities. it's unfortunate that there's
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going to be some shakeouts, some fallout from the pandemic. but it does provide opportunities for people who are looking to grow for concepts that still want to grow. we think we'll come in and seven those communities. >> what can you do about the companies that go under because of the pandemic and they don't have the balance sheet i mean, you're a considerate guy. your know we can't let this happen in our country, particularly among minority business people. and yet it seems like it's become somewhat inevitable because of the pandemic. what can someone in papa john's -- you know, you've got a business to run. you can't just go give money to competitors that are smaller but in a way, you kind of have to what do you do >> yeah, we're trying to do our part by taking care of the employees that are displaced you know, we have hired over 20,000 new employees in the last four months. we just put out a notice that we're trying to hire 10,000 more we're not just hiring them, but we have increased our health care benefits, we're offering
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telehealth to every one of our employees and families we just increased our online college benefit and brought on two new universities to try to help displaced employees that might have planned on going to college and now with all the challenges that they're facing aren't able to so we're trying to do our part to take care of the communities by taking care of the people in those communities. is that is is the right thing. rob lynch, congratulations on your first year. i know we had a pandemic, all right, so what can you do? probably your first one. rob lynch, president and ceo of papa john's. and the stock is a winner. "mad money" is back after the break.
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when a stock run tos too muh
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into earnings, it's almost guaranteed with a smelloff look at etsy it helps connect small businesses with customers all over the world this company is a fabulous play on the stay at home economy, which is one of the reasons the stock is unstoppable and it has great new technology. unstoppable until today. gross merchandise sales, the total revenue up 137%, earnings double the level wall street was expecting. even better management told us these trends were consistent throughout the quarter and continued through july wow. yet the stock still got hit and fell 3.5%. why? the quarter was borderline perfect. it's about the stock from the march lows to late july, the stock surged from
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under $30 to over $100 in over one week, it shot up to $135 the darn thing is still up more than 12$12 this week alone. let's check in with josh silverman, the president and ceo of etsy. well, i've got to tell you, you have a line in this -- in your conversation call that i love, which is unfortunately in a pandemic, everyone's habits are up for grabs that's what i've been looking for. and you said it. that's one of the reasons why etsy had an amazing quarter. >> first, jim, can i say i just want to thank you, because you've been a believer in etsy since i joined the company three years ago, and even before so when our stock was at $10 a share, you were telling everyone that etsy's got a huge opportunity, and that they should pay attention, and i'm
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grateful that you believed in us all along. and this period of time has really shown the world that there is a huge opportunity for etsy >> thank you, josh from the day that my daughter sold pillows to the fact we bought almost everything at our restaurant from etsy, i have been a believer, and you have taken this company to levels that i never thought could happen so thank you thank you for everybody. >> you've been a believer from the beginning, and i'm grateful for that the truth is, for almost anything you need, etsy has something great for you, sold by the person who made it and made just for you the challenge we have is being top of mind, because purchases are so habit driven. in this moment, before you buy anything, you've got to pause for a second and say who's open? who could ship this to me? and that's where we win. if we get you to pause for a second, you'll think of etsy and the great news is, when you buy on etsy, the customers are so delighted by the product, by
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the quality of the product, by the communication with the seller, by the hand written note they get from the seller, by the fact that they're supporting another small business there's so much to love. so this is a moment when we have a chance to win the loyalty of millions of people and working so hard to do that >> i hope people know that there are millions of companies around the world that are trying to develop what we call personification. they're trying to be personal. when we worked with you, you are so right we always get that letter -- >> did they send you a hand written note when you bought something nice from a department store? were they willing to customize and personalize it for your needs? that's the kind of thing etsy can do
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and etsy sellers do it in huge categories if we look at where all those sales happened, $2.7 billion of sales this quarter, but look at the size of the categories so home furnishings was our biggest category etsy sellers sold more than $2 billion worth of home decor and furnishings over the last 12 months that was up over 125% year over year in the second quarter if you look at jewelry, etsy sellers have sold $1.2 billion of jewelry over the past 12 months that was up 50% year over year if you look at apparel, etsy sellers sold about $775 million of apparel in the last 12 months that was up almost 60% year over year these are massive categories and etsy is growing faster than the market leader in each of them. >> i have to -- i would be remiss, because many people in our office go to you to get
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great-looking masks and that matters. we're very pro mask. you were the first company to embrace the concept. >> look, "vogue" magazine said it may not be a fashion statement, but it does take up a lot of real estate on your face. so you want it to look nice and show a sense of style. on etsy, we've got 112,000 different sellers selling masks. you can certainly find something that really speaks to you. and by the way, when you do that, you're not taking ppe away from hospital or first responder who needs it and you're supporting a small business so there's a lot to feel great about. >> one of the things that people said when you first came in, you said while you were doing and making all these great changes, and including seeing what other people have done, that you might want to buy, which i also love that feature you also said to me, jim, before we even get the stuff straight,
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we've got to get the ethos straight, we have to get the philosophy straight. we've got to what is being good to people and to the environment straight did that hurt your business? >> i am so glad you talked about that, jim. it was the first glide of our earnings presentation. let's talk about corporate citizenship. we've applied the same focus and accountability to our citizenship that we have to every other part of our business and by being a great citizen, it makes us an even better business and what do i mean by that we picked three areas where we believe we can really shine in corporate social responsibility. that's economic empowerment and environmental sustainability and we publish targets to be held accountable and we hire outside auditors to audit the progress we have made. on diversity and inclusion, we said we're going to double the employees that are black or
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hispanic last year we doubled the percentage of new employees who identified as black or hispanic. this year 17% of our new hires are black or hispanic. we said we're going to be entirely carbon neutral, and last year we achieved that goal ahead of schedule. so i think people want to shop where their heart is i think they care. it makes a difference. and we do believe that the great financial results we're delivering are part and parcel with the fact that we're a good citizen. >> i think that's totally right. it is so great i'm so tired of hearing people say, we're willing to sacrifice some earnings in order to do good it's do good and you do better josh, great to see you, sir. thank you for the kind words about us, too. >> thank you >> "mad money" is back after the break.
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with the major averages making new highs or within spitting distance of the old ones, is there any room in your portfolio for safety stocks? take verizon, which is one of my favorite defensive plays when we assembled the cramer covid-19 index in april, we included verizon 3 1/2 months later, the stock is flat, but i've got to tell you, if i had to do it all over again, i would still include verizon. you need safety and an insurance policy in case the stimulus talks fall apart or a new trade war with china intensifies we know verizon is doing well. they reported a strong reporter
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and 5-g could be huge for them and they have the pulse on the american consumer, so let's check in with the chairman and ceo of verizon communication cos welcome back to "mad money." >> great to be here, jim hope you're fine >> we're doing okay. thanks, hans we have to talk about stuff that's a little arcain for people but they don't realize how important it is. mobile edge computing in 5g. why does this matter to me i've to the my cell phone, i'm happy. why do i need this >> that's a great question, but to really explain it, we're bringing out the cloud capabilities, processing and storage and all of that to the edge of the wireless network together with amazon so you can have super low latency to do transactions or it
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could be other things that really need low latenclatency. so we have launched now two sites with amazon, and we're going to have ten covering the main part of the country today we have the boston area and the bay area covered with these two sites. and developers can just move into the amazon cloud and say i want to develop on the 5g cloud. and then they do applications that need low latency. and a lot of innovation that i believe developers will bring to the table. >> so a lot of that is for enterprise will the individual be impacted? the individual who wants a netflix or amazon movie and wants to download it, an individual who still gets the blue dot and circle. i put on netflix last night. and we all know, we say okay, we'll watch the red circle for a
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while and we'll get some candy and come back and if it's still on, maybe we'll turn it off and turn it on again and we have verizon. and i just presume that's just the way life has to be but that's not the way it has to be, correct? >> no, i think consumers are going to enjoy this, as well definitely business-to-business consumer as well we see gaming companies coming in and start developing applications that require low latency, a lot of band width on the phone and wireless networks. so definitely. and to your question about that, we basically limit the spectrum so we can give you enormous speeds, and low latency, as well as a consumer or 5g capability
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so all of that is about to explode in the united states, and verizon is in the lead with it >> i would have to believe your tie-up with disney plus means some of the school things disney is doing at home, which is saving the company, are just going to get better and better >> i think what we have developed in our strategy and the different areas of growth, one of those vectors is customer differentiation and consumer differentiation. and our partnership with apple music or others are exclusive. and we're using our brand and distribution >> so now you have a verizon division i have many friends who work there. can it apply to that
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because in your conference call, it doesn't get mentioned, yet a lot of us still go to yah yahoo all the time >> more daily uses than ever so the advertising, as you know, that does come down. ultimately, we are creating the next generation content, and we're using our capabilities for thinking you news will look in the future, how sports will look in the future, et cetera so yes, there are cases for all of those online applications that we have now >> i have to tell you one obvious one that people said verizon can't do it. i said you don't know hans hans is from technology. he's a technologist.
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he's been to cto he's not a telephone lineman or a lawyer and you could take tiktok and you put that with verizon media, and you become a growth company, at&t tried it, but they had a bad balance sheet. you've got a great balance sheet. why should microsoft get this and not verizon? >> first of all, our balance sheet, we have done a terrific job on it. we're back to the credit metrics we had preacquisition. so that we're really happy about it i think when it comes to user content, we divested in tumblr last year. so not really interested in tiktok we have our five growth vectors, and all of them are coming into
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play so we have our growth vectors and we have exchanged the structure of the company we have a new team so we're really excited for the next 12 months of this company right now, because we are preparing for this a long time >> one last question i'm not going to be able to go to a football question, the nfl. they're not going to let me. will it matter will 5g make it so that i can have an enjoyable experience watching a football game and get more, and watch more angles than if i were at the game? >> i just tell you, stay tuned i think you're going to enjoy it, even though you cannot be at the stadium. i cannot tell you, but i assume that verizon is working deep with the nfl to come up with some cool stuff for the season opening. but i have to be quiet about it right now. but don't be too worried
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the season will start and it will be a great experience >> all right i'll take it, because i'm depressed about not being able to go to the stadium but if you can make it a good experience i'm thrilled that's chairman and ceo of verizon. always great to see you, sir "mad money" is back after the break. and can't wait until you are too. universal orlando resort. buy now and get two days free at the parks. restrictions apply.
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it is time it's time for the lightning round. [ indiscernible and then the will be round is over are you ready, skedaddy.
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it's time for the lightning round. i'm going to start with atik in new york >> caller: boo-yah, jim. long-time fan. >> yes, my fohood >> caller: stock is -- [ inaudible just reported earnings, the stock is down 20% after hours. am i barking up the wrong tree >> they delivered incredible numbers. so it's something they said on the conference call, because i think that is a fantastic company. so i can't just do -- give you a quick analysis i've got to take the conference call home tonight and find out more but wow, they are pancaking it, even though they did beat the numbers. sam in massachusetts, sam. >> caller: thank you, jimmy cramer jim -- [ inaudible >> you know, they just bought i
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think stole this buyer, animal health, and i think the stock could go up. i've been too bullish on these guys, because i happen to like everything in pet world. but i think they just got a big boost with that buyer. another great quarter. let's go to john in ohio, john >> caller: jim, first-time caller, love your show and appreciate your advice >> thank you >> caller: want to know your opinion on the andersons, they're an agriculture company but in commodity trading, ethanol -- >> i think they're magnificent, but what you want to do is if you year going to be in that group, be in agco or dooeeere this end is not so good. let's go to will in vermont. >> caller: thanks for taking my call before i was sent home from
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school, my friends and i were collecting cans and bottles to invest virg virgin galactica what do you think? >> it's going to be a ten-year run, and i don't have that much time but you might. wes in minnesota, wes? >> caller: boo-yah, jim, how are you doing today? >> wes, this is just a fantastic day, because i got my kids with me what's going on? >> caller: that's awesome. good to hear so i've got a question about what's going on in the beverage industry right now, specifically with beer. the thing, is beverage consumption is moving to retail, and manufacturers are ramping up their canning lines to meet demand wanted to get your upon on alkoa. >> no. no you want -- [ buzzer ] stop it.
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you want bll corps that's the one you want to go to let geese to jacob in louisiana, jacob. >> caller: boo-yah, cramer >> all right >> caller: i wanted to ask you your opinion on the only food delivery company on the market, which is waiter holdings wtrh is it a buy? >> that's from lake charles, louisiana. i don't know the answer. it makes me want to watch the movie "southern comfort" again, though i have to find out more. and that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade turn on my tv and boom,
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it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ apps except work.rywhere... why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks,
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when the market gets emotional like it is now, you have to take a step back and consult the charts it's too easy to get wrapped up in your feelings about what should or shouldn't be
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happening. sometimes you need to remove yourself from the equation and go with a more quantitative approach a little over a month ago, just as it was becoming clear that the outbreak in the sun belt was very ugly, we didn't know what to do. we checked in with caroline that runs the queen.com website and she told a pretty compelling bullish story. first, she pointed out the nasdaq 100 could have a lot more room to run, not a little but a lot. she said if this index packed on another 200, 3 pun hoin00 pointe might be a thousand points of upside she nailed the tech rally. even as so many people were like, it can't continue, it can't continue it's propped up by the fed take the money and run that's from steve miller as for the s&p 500, take a look
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at this weekly chart she chained that the s&p was facing a major hurdle at 3,238 it hadn't been able to clear that hurdle, but if it happened, she predicted a major move higher since then that cleared and the next key level is 3,398. that would represent 100% projection of previous major swing. longer term if the s&p you can keep jumping over these obstacles, the long-term target she gave us is going to happen, 3720 and if we blow through that travel, maybe even 4136. we'll be much higher than where we were before the pandemic hit. that said, there's no guarantee we break through that 3398 ceiling. the company that the market has gotten overextended at this point. but if we get a fullback, use it as a buying opportunity. what would change her mind she's got a very straightforward buy trigger.
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she looks at the daily chart and watches two averages, the five-day, which is clue. and the 13-day exponential moving, which is in red. when the five goes above the 13, she says it's safe to buy. it means the stra jek ttrajecto improving. when it goes below 13, it's a sign of a possible correction. right now this remains in buy mode how about the incredible run in the nasdaq 100 and f.a.n.g. is get and all that other nonsense? her methodology gave her a price target of 10,542, that's off the march lows that was the hurdle we needed to clear. we have since blown through that level, which means the next stop could be 11,568. she runs them through the prism to find key areas.
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for some reason, the stock market often follows the same patterns that define snail shells and pine cones. i kid you not. so she's still bullish on the nasdaq, and thinks you might want to ring the register on part of your position. i think she's got a point. you have to be disciplined with your winners bulls and bears make money and hogs get slaughtered but the pandemic is still raging the chart suggests that this market could have more room to run. perhaps because of a vaccine or an anti-viral. just watch these key levels and watch the 5 and 13-day exponential moving averages. these unemotional indicators can give you the directions you need to ride the bull and avoid the bear stick with cramer.
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as i've been telling you, sometimes the market gets it wrong. and when teledock decided to merge with labongo, initially the market didn't like it. that was wrong you can buy this one and put it away it's the first tech med play that i like. i like to say there's always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer and i'll see you next time
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>> 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." ♪ to connect students and teachers. hello, sharks. my name is taylor robinson, and i'm from dallas, texas. i'm the proud owner of taylor robinson music, and we're here today to raise $100,000 in exchange for 10% equity in our company.

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