tv Mad Money CNBC August 24, 2020 6:00pm-7:00pm EDT
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forform form -- platform. >> and are your dogs happen which that >> well, i know that you have googled mike trout, because you have no idea. but i think that amgen is going to hold that level of support, and that is what my mission is simple to make you money. i'm here to level the playing field for all investors. there is 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 trying to make you money. my job is to train, educate and teach you. call me or tweet me @jimcramer i'd say we need to talk about the elephant in the room but it's more like a circus of elephants, two biggest being tesla and apple.
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listen, i know this market is going crazy after another fabulous day, the dow gaining 378 points i know it gets a little much as it is a 1% record high and nasdaq record high there are extreme valuations everywhere i see the mceldercloud stocks ad another incredible rally as few stocks are participating nasdaq is up 26% but a huge chunk of that is facebook, amazon, microsoft and alma bphat that gets the g in the acronym niece stocks are not that expensive if everything goes right for them everything that could go right has gone right the notion that apple supports a $2 trillion valuation is decemb disturbing for many people and there is skepticism that tesla up 390% for the year could be
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worth more than 375 billion. these are what people talk about. and they're staggering moves when so many commentators said it's absurd that tesla had a big market cap than ford and toyota, even though it makes fewer cars, it's bigger than all of them combined everybody that fought them, they have thrown in the towel you don't hear from them we're hearing this market is a farce. you've heard that that pumps money into the economy when there are few viables to invest in the fed helped but that's a good thing. would you prefer if they let the whole economy collapse that's really what you're arguing for if you don't want the fed involved beyond that, most stocks are down for the year. tesla and apple aren't on fire because of jerome powell but elon musk and jerome cook done a fabulous job of running companies. for the ideas the fed's
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intervention is somehow unfair, i regard that as sour grapes anything the federal reserve does will be unfair to someone when you buy k tstocks it's on monetary policy. you bet wrong, end of story. back to the big winners. are there new valuations how long can they keep up this incredible move? let's start with the $2 trillion apple. i've been recommending this since it was at $5 it's now at $503 my haters admit i got this right. must have crushed them apple trades 33 times next year's earnings making it expensive for tech stock but is apple a tech stock if we value this like a consumee superior apple has great technology but the real value proposition is service revenue stream the 99% customer loyalty assures there is a lifetime value to everyone that buys any apple
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device you think proctor and gamble as that, colgate, clorox? no they have comparable valuations where they are and just like that apple makes necessities in this digital era plus, unlike those stocks apple has multiple revenue streams, smart watches, air pods, the hardware is a mighty river running in parallel to the service revenue stream which would be one of the largest companies in the world if they spun it off. not that they would do that. they can get you paying for news, entertainment, cloud ba backup and everything you buy on the app store. you probably noticed the bill. apple is about to do a 4 for 1 split so when that happens, stock could pull back as many owners share a share of the four to lock in the gains that's the old pattern after the split induced pull back, time to buy again. the biggest -- the issue for apple, well, short term is china. if it trade war keeps hitting up, it's possible apple gets caught in the cross fire because apple is a huge chunk of the
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business it's been what is going on for 18 months. so far apple navigated the situation well and if biden wins in november, the trade war won't be an issue. how about tesla? for years i called tesla a cold stock i couldn't make a judgment on and i call religious conversion after a series of events from seeing my wife and daughter happily behind the wheel loving it from the balance sheet worst to first got me recommending the stock if you listen to me last november, you're up, i don't know, 1700 points. call me anything you want but don't call for late for dinner should a car company be worth 400 billion? of course not. tesla is not a car company it's a technology company like nvidia or facebook the car is a manifestation, the trunk will be another and solar business the third and could be the most important piece of the puzzle we'll take it far more seriously on september 22nd and that's
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when you might see the battery that can go for ages without charges. with elon musk, who knows. i know the bears think it's ridiculous a car company can command a big market capization. if you look at tesla as a tech company that just so happens to make cars, the valuation can make more sense. would i be a buyer it's not a lot it has vulnerability after this move but the company could have $35 of earnings power in 2025 according to today's report from a solid analyst. it's not saying pay 40 or 50 times that number given the rate and that's how people determine stock prices, not whether it's worth more,less than toyota or ford my travel trust has a big position but we've told members of the actionalertsplus.com club we'll keep owning it we're not going to trade it. for tesla, i fear the battery might be a letdown but you have my bust in biden and you can ring the register and part of
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your position before september 22nd just in case whatever you want to have room. long term after 1700-point gain, i know musk has more magic in the tank here is the bottom line. if you judge apple as a pure or tesla as a pure car company. these moves are slow the thing is apple is a consumer products company that just so happens to have fantastic technology and tesla is a fantastic technology company that just so happens to make cars real good cars of course, they are both stocks and in the end stocks can break your heart but if elon musk and tim cook execute, the long-term trajectory is up let's go to zack in pennsylvania, zack >> caller: hey, jim, how are you? just getting ready for an eagle's season. >> you bet and i bet we look real good. what's going on? >> caller: not much. i'm really excited about it and definitely looking forward to it look, i'm looking long term on this stock with school somewhat going back, maybe some stores
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opening, this stock was at 65 now it's closer to 80. is starbucks a long term >> i think starbucks is a definite buy let me explain it. i told members, look, you have a barbell and companies that do well right now with the economy closed and then you have a companies that will do well when an economy opens and it's opening slowly for this country, big for china. that makes starbucks the winner. i want you to buy it gregory in california. >> caller: hi, jim, how are you doing? >> well. how about you, gregory >> caller: hanging in there. i'm hanging in there on this covid summer we're in. >> yeah. >> caller: i'm taking my mask off only to make this call to ask you about a stock bmi -- >> bio marine. let me tell you something, gregory, this stock is at 73 yes, i did care tremendously about the hemophilia drug but you're paying almost half of
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what this company might be worth because the other drugs are great. j.j. makes terrific -- don't rule out they might not come back with that drug in a couple years but the existing portfolio is worth more than $73 i think you bye, buy biomorin. let's go to abe. >> caller: would ticker symbol a.o. make a good one >> i don't recommend tobacco stocks it can pay that. tobacco is a wasting asset so i would not -- i actually important you not to own it. the moves of apple and tesla are staggering but they can keep winning if they keep executing "mad money" tonight as more and more consumer data goes online, palo alto fresh off the report and the nfl had a tough false alarm we the covid-19 testing
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after reporting 77 false positives. i'm going to talk to the league's testing partner to find out how that happened and a bird's eye view with the ceo of what may be the cheapest fin tech stock there is called pfizer don't exclusive and stay with krcramer. >> announcer: don't miss a second of "mad money." send jim an email to mad money at cnbc.com or give us a call a 1-800-743-cnbc miss something head to madmoney.cnbc.com.
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the company posted a beat after a $1.39 basis and 18% year over year not to mention terrific sales. fly in the ointment? 2021 fiscal year seems like it we learned about an acquisition buying the group for more expose sure to incident response, forensics, consulting and more of a one-stop shop my view, stock can run up going into the quarter so investors are expected to perfection and the full year forecast was close to perfection but i wouldn't be surprised if management is conservative and the stock comes back after analysts raise numbers and boost price targets tomorrow morning let's dig deeper with the chairman ceo of poll lalo alto networks welcome back to "mad money". >> thank you for having me again. >> the cash grew faster than expected i like one chart in your deck. next gene security billings, last 12 months, palo alto is
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going at 105% and crowd strike 85 and z scale at 36 you are pulling away. >> jim, when i talked to you two years ago, i told you this industry needs an integrated platform play to give you best of the solutions, the problem the cybersecurity industry had, there are too many solutions that the customers need to integrate. we have a platform from a single product company to a three-platform business. everybody told me this is a very hard task. you cannot build three platforms and you cannot do that in a company that's traditionally selling fire walls some guests have said they applaud the efforts but hard selling new stock. yes, it's hard selling new stuff and we're doing it with flying colors i can't be more proud of the
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team at this moment. >> well, look, one of the things that you have taught me is that there was -- you were very early on this. you said it's going to come down to freedom of choice some people will work at home. some people will work at the office and have to protect them everywhere there is not one company that has really got the ability to say well, they are here, there, we'll protect them everywhere. i think your message turned out to be the way to invest in cybersecurit cybersecurity. >> well, jim, it's interesting people have been wondering whether fire walls are needed. yes, they are needed without fire walls, there won't be cybersecurity if somebody doesnisn't watchingt hard to protect you. when more and more people go to the cloud you'll see a shift from the data center to the public cloud as you make that journey, you're protected here and there and the
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same consistency and protected in your branchs and stores and there is only one way to do it and the consistent basis is to get a set from a company that offers you-all three not only that, as you go into the cloud world, there is a new blue ocean of cloud security emerging we made an early bet, bought a bunch of companies and integrated them together we have 1800 customers doing cloud security we had zero cust pomers two yea ago. >> zero. >> how about this acquisition. not for the reasons you think about in the old days. it worries me because you're worried about a threat or you wouldn't make this accusation. >> jim, what is interesting is what happens is cybersecurity is like insurance you don't want it to happen. you don't want to find out the wrong way. you don't want to find out i got breached and need to look for good protection. when any customer sees any hint of something going on, they go
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call an incident response business they call somebody saying help me, i don't know how to navigate this, what should i do we need to be there saying our people will come help you fix your problem and we'll leave you in a much better security state than before. we need to get ahead of this and this company has done this 1700 customers, they go in there. they're called when people have trouble and say can you help us? these guys show up to help they don't have any products they consult and leave we have the best products in cybersecurity and can't leave a bad product behind but you can't leave good products behind our strategy is to have them be the tip of the spear, go and help customers in their time of need and leave them great products. >> that's exactly what you want and you own the shares and people listen, this is exactly how you have to be able to grow this whole mthing nlgunless youn
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to be part of a collision. expectations for 2021, we'll manage our spend to the margin everyone expects that. we continue to expect earnings per share low to mid teens head winds from lower interest income that's not something i'll worry about. doesn't everyone have that >> everyone has that so i think everybody's model needs to change if i have $4.3 billion and i'm making less money, it will affect earnings. operating performance is strong. >> must coost companies are struggling let me ask you because you know and see so much. is the -- do people come back? do they come back or always have a choice i'm seeing home builders put in an office and i'm seeing people leave urban areas and go to country places because they can have an office it seems it will be maybe i'll go to the office today, maybe i'll work at home.
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and there are not many companies that expected this but you did the other guys think maybe they will come back and my business will turn up >> jim, this is a good question. as late, as early as this morning we were debating this. we decided on three pillars of the coming back story. first and foremost, you have to change the entire interaction model with employees and learning and on board how you bring them we built a program called flex learn. it's fully automated i log in, i see content and it's just a constant learning and engagement model that we've developed, which is called flex learn. something with flex ben fiefits. i don't want to use the gym or cafeteria, i need benefits personalizeed to myself. we spent six months creating the technology to make sure everybody gets a dollar amount and choose the benefits you want you want health care you can have health care your spouse has health care but
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you want a peloton subscription? you can have that. last but not the least, we'll focus on flexible locating like do you want to work from home i don't think anybody is going to come back -- anybody is a bad number i don't think anybody will come back five days a week. some will come back to the office because they want to for a day or two so we'll call offices collaboration spaces in the future they won't be called offices you'll go to collaborate and work with them and be productive from home or starbucks we've proven the social experiment that we can be effective for whatever we need to be as long as we're motivated to get it done and that's what many companies are proving we have to respect the employee and let them have the choice let them take the responsibility and give them the tools. >> so well put you were ahead of everyone and dead right one last thing, cfo. amazon web services. pretty smart guy.
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>> yeah. very smart guy love him he's was with proctor and gamble and cisco and worked with andy, a lot of people like him already off to a great start really happy you know, our cfo had been here, she's great, kathy so guess what, we're creating cloud cfos. >> congratulations and good quarter. you know, they kept on telling you buy, buy, buy ahead of time and the stock goes off like invai invade i nvidia thanks for coming on. here is the way it works, tomorrow morning there will be lots of people that raise numbers and boost the price target stock will be down and if the market is okay, it will creep up, up and up and that's when you buy is at the opening. "mad money" is back after the break.
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not a lot to enjoy other than the recent arrival of the nba playoffs did you see the shot from luka donc doncic we got baseball, return of football season. wait a second, let's talk about that yesterday we got a wave of reports there is a spike in positive covid tests among nfl pu personnel. it could retail the season starting fantasy football, that's what i'm in within a few hours we learned these were false positives turns out the problem was an isolated contamination during test preparation the incident is worrisome because the company that won the nfl contract, the largest full service lab in america has been a major player in the response to covid. to get a better sense, let's check in with the executive chairman of the labs
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doctor, welcome back to "mad money. >> thanks very much, jim how are you? >> you're willing to come on so something that happened has to be an isolated crazy thing and maybe you can explain what happened and how it won't happen again? >> to remind you, we've done 4.3 million people covid testing since this started on march 13th i want to remind you that every single one of these tests is a patient behind it and family behind it. we take everything we do extremely seriously, and i also want to comment, the nfl was unbelievably amazing as they usually are with how they dealt with the problem, players as patients and how they dealt with the patients oo' families that's really important. what happens is you have a false positive i want to describe what a false positive is. there is four things that happen you can actually have a false positive for the specimen traveling to the lab you can have a false positive on the analyzer itself. you can have a false positive as
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a result of specimen preparation and you can have it as a result of the lab actually being reported out we identified relatively quickly that the analyzers and the reagents werewere running fine. we honed down quickly we knew it was a specimen preparation issue at the beginning what we did is first off during this, we made sure that the nfl had their players retested, which they did with a point of care device and at the same time, we reran their specimen to confirm that they were actually negative on another platform during this entire process, we actual actually went through what we thought could have happened to contaminate the specimen when a specimen comes in, it goes under a very strict called a biological hood. what it is an area with special air flow where we pour off the specimen, particularly they can
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be very highly contagious and we refer to them sometimes as a hot sample so what happens is during the process into these special tubes, you can occasionally might get some sort of contamination, which we prep for and we're ready for if that actually occurs. so what we did is we were able to very quickly isolate it to the nfl players that were being tested in a very small area and identify that that was most probably where the contamination occurred so that's actually what happened in the lab at the time so we identified it. we fixed the problem we actually then went through a process to make sure negative controls that actually every single step of the process was going to be negative and confirm negative going forward so that's what happened during the process. >> so doctor, basically what happened, what i just summarized is if you have a situation that seems even out of whack with what you had before, you have no
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choice you have to inform the party but you can say at the time listen, we're not sure but you got to know that this is what we got. is that how you put it >> no, absolutely. the first thing to do is every one of these players is a patient. you have to tell them they are right now positive until proven otherwise. the nfl has a whole set of events they put in place to treat these as positive. which i'm sure you read about. so with after doing that, then we did a point of care device to test the players to confirm whether or not they were positive or negative and they were all negative. we then actually retested the specimen and they were negative. but during that process, the players and patients and families were treated as if this was a positive. >> got it. got it how do you think we're doing here listen, i've been talking to people from the big 12 they are playing big 10, not playing. the bubble in the nba, virtual bubble in the nfl, maybe college, who knows
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what would you do if you were the commissioner of the world? >> well, first off, the bubble for the nba and major league soccer is a very different model. you have everybody isolated within a bubble, controlling absolutely who is going in, who is going out and the testing that's done. that's done at one site. it's very different for the nfl. the nfl we put in process a process for 32 teams and 30 different cities within a four-week period of time by the way, we hired 350 people to get this done with ten people at a minimum of each site. so it's very different model because those players are going in and out and going home frequently to see their families so the testing regimen is different than it is for a bubble environment where you're controlling what happens on a day to day basis. >> you must be doing literally tens of thousands of tests per team. >> well, it's, you know, in the big picture, we're doing about 50 to 60,000 pcr tests every day
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at five different labs across the country. >> holy cow. >> the testing we're doing for the nfl, the nba and prior for major league soccer is a relatively small percentage of the total number of testing that we're doing. >> well, that leads me to believe that i don't want to be too optimistic but that's not a lot of covid that you've found. >> no, and in fact, you probably know that essentially, the percentage here in new york is less than 1% in most areas and i think depends which area you are in the country and where the team is, it varies by percentage for the players themselves and for the nba essentially is zero. for the nfl, it is very, very low right now. so the mechanisms that the teams have put in place right now the nfl actually are working i mean, they have a very low rate they're testing appropriately. they're treating everything incredibly seriously when they get a positive and right now,
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it's working you know, we have this issue and as you can tell, we've gone through it and fixed it but we're still looking at what i call deconstructing and reconstructing what happened on a step by step basis how it occurred. why it occurred. what we need to do differently what we need to do to improve our processes to make sure we do everything possible to hopefully make sure this doesn't happen again. >> do you think it's literally possible to have that many people involved with the nfl and not have some covid detected eventually >> i think eventually something may happen where some people get tested positive, but in terms of as a physician, i would tell you wearing masks, social isolation, social distancing, all of that really works. >> yes yes. i don't know why we have so many people that say no to that you work the front lines and you
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said it. it can work at school, too, right? back to school, college? >> so we're testing for colleges and universities we're talking with some very large public school systems, including the teachers we strongly believe that we can help them put in place a testing regimen that may be helpful to the students and teachers as they move forward but as i said, we're doing that now. >> look, i want to thank you for coming on. obviously, you have done a very good job and done more than 4 million tests. holy cow executive chairman at bio reference labs great to see you, sir. >> thank you, again. look, i like opco, i like it it's a good company. i liked it for a long time but this is important to learn that maybe we are going to have a full season. who knows? "mad money" is back after the break. apps are used everywhere...
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take pfizer, the payments company more behind the scenes from the financial tech place we focus on they operate on the plumbing for financial institutions and merchants accepting credit card payments maybe there is a ton of consolidation including the merging in a deal that should produce $2 billion the stock roared in response peaking at 125 before the pandemic and then the covid crash came and pfizer never bounced back climbing from the mid 70s to 96 today. they reported an okay quarter and expected sales but much better than expected cash flow and the company reinstated the forecast so the stock jumped 5% on the news. that's right these guys are delivering many of the same themes but the stock seams for 18 times
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so it's practically a value play for fintek he's the ceo of fiserv welcome back to "mad money." great to see you. >> great to see you. thanks for having me. >> i think people don't know the legend of frank. i'll say it. hold your ears so you don't get too big a heat you took over fiserv declining $2 billion in interest expense on the debt and six years later growing 10% at the time you sold it so i have to ask you, i mean, why do it again? why not just rest? >> well, it a great space and opportunity. you have to love it. the opportunity to grow is a lot of fun. >> i have to tell you, i look at
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this fiserv and i see this company called square. your product from first data and square is worth 67 billion fiserv is worth about the same am i getting clover for free >> clover is an unbelievable platform it continues to grow and serves small businesses we thinkit's important we have 160 new banks that want to be partners with us it is growing. we talked about a 32% growth rate in july in the heat of a pandemic it is a tool that we help businesses manage their business through. it's a great asset to small businesses and we see it from an integrated solution company.
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>> it also saves it's cheaper for those that take a long-term view it's cheaper. let me ask you about this. where are we in terms of payment volumes? a lot of people are getting excited thinking things are getting excited with the economy using payment volumes as a measu measure. >> we've seen growth and talked about what we call internal revenue growth, which is driven by transaction volume. we see transaction volume up obviously large move to ecom you look at the clover platform that has order ahead capabilities and virtual terminal that strive and that growth there so you know from large to small, there is a comeback in payments and we see growth going forward, and there are still businesses coming back in the recovery lots of businesses are still
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working their way back and we're here to help small businesses grow. >> all right how about crash, whiash, which be on a sudden decline because of the pandemic? >> that's down a lot i mean, you see it in atm volumes and we see it in stores. so i would look at cash down significantly to any other that we've seen, it always had a slow creep but it's closer to a double digit creep right now. >> wow that's -- >> of course, that was always the smallest components anyway. >> okay. can you tell me when i look at these, i see this stripe stripe is going to come public pure plays people love them again, i mean, how do you compete against a pure play like stripe >> i think when you look at what we have, we have all the capabilities and if you look at our ability to provide global, we get -- we talked about 50
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institutional ecom wins. we're serving people in multiple countries one platform, both clover and ecom platform brought together brings in powerful and omni channel experience. so we can be very, very well we win a lot. >> well, that's one of the things we've been focused on is we've been looking a lot at the instagram, at their shop we spent a lot of time with shopfy and we realize you need to have your own echo system how are you appealing to the people that may understand you need a pfizer if you grow? >> what we like to do is first, we believe in human presence so we do have feet on the street. we are right now talking to small business owners to help them reengineer their business and then you have the technical
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clover and e come cacom capabild bring that to the market, you'r giving it more opportunity to the program and we'll bring in a gift card product we're an industry leader in and a lot of pay ahead capability and order ahead capability when you look at the number one distribution network in the world that we have with that partnership model and then you look at isv capability serving software vendors, that full package allows businesses to grow and be served in many cases with one stock. >> wow, it doesn't make sense. your stock should not be a discount after you see it 15, 16 when you came on and just very clear it didn't belong at 15, 16 this is another one that you are going to make into a gem it a good company but you're
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going to make it a great company. the president and ceo of fiserv. congratulations. >> good to talk to you always, jim, thank you. >> bank with frank it's pretty simple "mad money" is back after the break. ♪ ♪ [ engines revving ] ♪ ♪ it's amazing to see them in the wild like th-- shhh. for those who were born to ride, there's progressive.
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>> of course >> caller: so, with the hydro n hydrogen, economy, that's what my question is based on. i feel like the future can be very bright for hhydrogen. >> i agree i agree. go ahead i didn't mean to interrupt which stock? >> caller: yeah, so with all the acquisitions this company made, you know, tmy question is on plg power. >> plug power. >> caller: being ripped from not making profits but i'm fully -- >> i like those two acquisitions but i was hoping you would talk about lindy because lindy has a lot going for it do lindy for the people that want to be able to have some hydrogen but also the steady earning stream and plug power for those who are young or young at heart and willing to take a little speculative appeal. let's go to drew in new hampshire, drew? >> caller: hey, jim. how is it going? >> doing well.
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how about you? >> caller: i'm doing great i want to thank you for everything you do for us. >> thank you >> caller: so i had a question about a long-term defense play huntington ingles, hii. >> i remember it was spun off. i'm not going to endorse that. if i want a defense play, i'll go with ration, i would go with lockheed martin. steve? >> caller: hi, jim, how are you doing? >> good. how are you? >> caller: i'm actually fairly new to your show i've beonly been doing it for a couple weeks i have a question about julia. >> they can't shoot straight really it got some things going and we've seen that because we read about them all the time in the news with remdesivir but other than that, you have a 4% yield and a lot of drugs that aren't
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panning out. i would skip it. this biotech group is down big why not take a solid look at regeneron and i believe the best cocktail against covid let's go to mark in washington. >> caller: home of the washington eagles. >> i love washington it's beautiful. >> caller: i like your stock on international flavors and fry gra fragrances. >> this is done with dupont. the travel trust and the club that i run is going to be just terrific for iff and the stock is a buy right here at 122 freebie estee lauder never got hit. go right back. let's go to benjamin in new york, benjamin. >> caller: hey, cramer, this is ben from new york. boo-yah for the great advice you're giving and a shoutout to
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aj and brandon. >> love aj love aj. >> caller: the stock has a question about kpti. >> cancer speck. it's huge. obviously if you bought it at 18 you'd hate me. i don't care i happen to think if you want to speculate you want to speculate on it because there is so much heartbreak and need. let's go to shimmy in florida. shimmy >> caller: chilly chill. >> oh, chill blocked 25 people today. hey, the world is round. what makes you so sure are you talking about? >> caller: love it you talk about having a 10% stake in gold in your portfolio. >> yeah. >> caller: gold has ran up so much so fif you haven't bought it, is it better to buy -- >> i'm a very big fan of barrick
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gold what can i say that's a shame because the move is so dramatic here. you have a big cap stock up 55% so you buy some and then you hope it comes in and believe me, things come in and zoom could come in, anything can come in. let's go to matt in virginia matt matt hello? sounds like matt may not be there. should we take another caller? all right. why don't we go to bill in new york, bill >> caller: hi, jim boo-yah. >> boo-yah >> caller: jim, my company recently changed its name. the ceo took most of the company private but left this one. what do you think? >> i'd do work on that one you can run but you can't hide ir don't kn i don't know we can do work on that stock it's like -- okay, that, ladies
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what can i say about the upcoming airbnb ipo? it will be a steal i'll tell you why. i hate the cold. wasn't always like that. who doesn't want to go sliding down a hill or make a snow man on a snow day, build a warm fire that was then when we were younger and the kids were still at home. at my age winter in new york is bleak and the sun is too weak to entice us to stay. we don't want to huddle where it's freezing out waiting for schipt to deliver. this weekend my wife resolved to get a place in south florida for a couple months. why not get away for a couple weekends she wouldn't hear it she wants to leave she wanted to go to airbnb we used to love visiting miami
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beach. you have to get in an elevator with a lot of people and can't go in the pool because there are no masks and fifth, they are expensiv expensive. she showed me five great places and spending a month cost a week at each fancy hotels all had beautiful pools and nice kitchens, a necessity to eat with social distancing rules we have a friend that lives down there and we asked her to cut the properties i'm confident i'll rent one this week why do i setell you the story i need you to think again. another one of those forever changed businesses that benefitted from covid-19 before the virus, staying in someone else's house seemed more risky than a hotel the hotels seem out right dangerous. you can clean a house yourself and yes, there can be ventilation ducted elements that could cause a problem but you
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can't really clean a hotel room or a swimming pool and who knows about they are ventilation systems. you can't ride an elevator with other people i can't. i did it last week i had two masks on felt terrible. one of my favorite places is a fantastic bar i love to hang out. went there during super bowl weekend. not anymore. thanks to covid, airbnb is the best way to travel pretty much has the market to itself and unions have the clout to keep them down. they are hanging on for dear life and now that 25% of hotels are in a rears, i'm betting it could get worse before better. even before the pandemic, airbnb was the winner but had competition from hotels that were willing to do anything. the hotels are on the ropes. and people who need more cash suddenly want to monetize their homes. which are often much nicer than hotels frankly as they lack most
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of the great includements. thanks to covid, the ease, the bars, the location, the restaurants, being taken care of, the gyms, no thank you it's a recession we still want to travel. but we also want to bargain. one that doesn't put us at risk of getting covid-19. in short, we want airbnb stick with cramer. from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. snhu let's you transfer up to 90 creditsty. - [announcer] if you've tried college but never finished, toward your bachelor's degree. - [woman] it doesn't matter how old you are, you can do it. you can finish. - [announcer] finish your degree at snhu.edu.
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stocks are sales force, amgen and honey well because they were added to the dow jones industrial average taken out are exxon. used to be the world's largest pfizer highlighted just this morning people talking about what it was doing with covid and rathion. there is not a lot of money index. it a terrific thing to be able to talk about. it's a good short hand but these stocks will not stay up just because there is money going into them right now. why? because the money's index to the s&p 500, not the dow jones so this these stocks are being bought by people i don't want to call armatures but let's just say people who may be ill advised on pulling the trigger now. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer and i'll see you tomorrow
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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is brenda coffman, and i'm from kokomo, indiana. (whirs) i own and operate retail cookie stores throughout the state of indiana and florida. i am a hometown girl, and i married my high school sweetheart, and we have two wonderful children
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