>> check those lint traps, mel very important we don't want any dryer fires. very bad with that said fcx. >> we will see y bouack here tomorrow don' my mission is simple to make you money. i am here to level the plain field for all investors there is always a bull market some where, i promise to help you find it. "mad money" starts now hey, i am cramer, welcome to "mad money." my job is not just to entertain but to educate you, call me at

1800-743-cnbc. or tweet me. maybe it is take your parents to workday. the dow is down 98 s&p is declining at 2%. another strong day if you are over the age of 40, the only way to catch the bigge biggest winner is to stay in touch with your children i am always crediting my four blended family kids' ideas that i would never picked up at all without them that's right children make you a better investor look at snap the parent of snap chat rocking 30% higher after reporting a stunning revenue of a much better expected earnings gilead up 90%. this is all the people talk about today. that user growth is everything we had brilliant advertisements. he's claiming a small window of time that we can create havoc

that lasts a lifetime. once you passed 25, you are much likely to switch to a new shampoo or tooth paste so how do advertisements reached the younger demo now we have a whole generations who can't stand commercials especially snap chat advertisers want those eye balls before those how do i know snap i am not the target audience but my young daughter loves those augmented photos when a company was becoming public, i got to sit down with

the ceo, evan spiegel. what did i do? i took a picture with him because i want to show how cool i was with my daughter snap chat got the product was irresistible with my daughter. ever since the company fixes the android app. how about pinterest is up 9% today? one of my daughters is a baker she's coming up with cool ideas, something exotically good. she was getting a lot of those recipes from pinterest someone who started targeting website, i thought pinterest could own the whole youngest travel leisure cooking in fashionato nothing focusing our attention on our website like not being

able to go anywhere or do anything including going to restaurants. thanks to the global pandemic, the number for pinterest are phenomenal your kids won't be able to help you discover cool software, they'll show you the way for paypal way back in 1980, i could not wait to get that macy's credit card my daughter had a credit history with paypal dating back to 2005 because she ordered so many stuff from amazon. what else? in my time you drew -- this is the 21st century, kiddoes so she used adobe it is why i stuck with the stock even when the number got choppy. i told the ceo about her facility with this product i joke that you need kids in middle school to truly

understand the greatness of these companies because these kids want to tell a story. what can you do as an artist making your own design you can sell things directly on etsy which is what my daughter did. next is a virtual store using shopify. my daughter wanted to sell her stuff without setting up a physical showroom and i figure hey, shopify google may be in trouble with the federal government for being too good now i discovered google and teachers told me back-to-school that kids were using it to cheat on their homework and it is our job to police it and stop it

the stock could triple from where it opened. the stock was at 80. it is now at 1600. you tell me who's moous. only on twitter would that be a reason to trash me >> in the summer of 2019, my eldest daughter rented a tesla and drove from oregon to san francisco and said it was the most fun thing she had done in ages a car? that made me and my wife tried one. okay, that's it. buying the stock it is a 60 bucks and all the people who loved tesla hated me. i waited until 60. facebook and apple and netflix and all the names i got from my kids i didn't know anything about facebook until someone on the street asked me if i had a facebook page and my kids helped

me set it up.net fli netflix? i know it reported not so hot numbers tonight and the stock dropped 7% today then there is apple. i realized that apple had something special way back when my daughter asked me for a move? she wanted one in a new color because it was a fashion accessory. she needed more options. now apple is at $116 i have been pounding the table ever since don't trade it my daughter who was at the bottom of her resume about 150 points ago the workday product, the graduation parties at chipotle, disappointing number tonight

how about beyond meat at 40? notice many of these ideas stood through the test of time and survived the time. i say these companies had more top than the peaks of 45,000 feet. here is the thing. if you just listen to the professionals, you would have ended up in some stupid etf that eliminated the single stock risk that would create amazing rewards they don't tell me about. on wall street you always want to know early and early you have to listen to young people who are in their early years does not mean you can skip their homework a lot of kids like myspace, those did not work too well.

i want to go to joe in pennsylvania >> good afternoon jim. >> good afternoon joe. >> my question is about opco and with the nba and nfl and many other sports and as well as opco's fda approved drug which could be a major contribute to covid-19 >> this stock is stuck in the mud of any i can recall. opka do have great drug for vitamin d. how about we go to mark in florida. mark >> hi jim. i am back for some of that great

insight you so generously share. >> oh man, you are a nice guy. i have a question of tractor supply two days ago if price target was raised to 167, i read yesterday their price ahead of tomorrow's earning is 150 with an anticipated move of 5.5% after reporting. the earnings are expected to be lower than the previous quarter. would i rather have a case of splits or should i buy more? >> okay, i don't want to play on the quarter. it is a concept. it is a gentleman farmer and what people are doing during this covid era i am not willing to get a traffic supply's bad quarter it would be strange, i would buy more because it is where the

people in are going. >> mark in iowa. >> booyah to jimmy in the deep freeze >> yes we have a lot of eiowans here. >> i was trading just under $50 to share a little above below 57. recently reported of per share profit flat up to 2%, not the down 2% expected earlier what would be a good price level to buy more verizon? >> we were grilling him.

in the end, we were down in the canvas i say verizon is correct stay in touch with the kids. kids will make you a better investor the more the better. on "mad money," there seems to be a bull market on everything auto and also in housing and i can get behind the ceo of the latest power house in the oil patch. one of the most anticipated ep play comes public next week. i am talking to henrik fisker. get off my back and stay with cramer >> don't miss a second of "mad money," follow @jimcramer. have a question, tweet cramer

send jim an e-mail or give us a call at 1800-743-cnbc. miss something head to madmoneycnbc.com this is decision tech.

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right now we have got a raging bull market and anything with automobile exposures and especially the ones that deals with new and used cars you heard us talking about cars, alo along with carmax, lithium motors they're both cleaning up for the postseason these guys acquiring smaller

de dealerships and combining them into incredibly valuable within five years, much growth around 13 billion in sales, lithia motors. thanks to the current boom market they may be ahead of schedule last month they announced a spectacular result for the third quarter and this morning when they reported their number, they beat expectation this company worths more than a $7 million market cap. let's take a closer look with the president and ceo of lithia motors welcome to "mad money," brian. >> thank you for having me, jim. >> you are the number four company in the s&p for a ten

year total shareholder return. how come most people don't know you? >> we stay humble and we keep our head down and we focus on our consumers. >> now, when you do that it is very clear that you are a kind of a 360 company you are a company that drives a car to you and takes it back to you and all these things we hear allegedly that carvana invented, you have been doing it for a long time. lithia got to plan to take over the world, why can't you go head to head with carvana to get more market cap >> we are in the forefront to be able to roll out our drive way strategy which is an e-commerce solution providing body part works as well as vehicles which

directly to consumers home we have a line that we say that you can have your car service in your slippers and most importantly over the next few years we'll be rolling it out market by market in the country where you can't step foot in a dealership again if you so choose to. >> i bought a car using carvana, it came and i didn't like it and they took it back. they're the only people in the country that do that, is that wrong? >> well, with drive way now, there are 20,000 vehicles online, all used at the current time we have a seven-day return policy and no questions asked as well come q-1, we'll have more vehicles online and we'll be the first to be able to provide a seven-day no questions asked return policy as well on new vehicles >> that's fabulous let me ask you something >> why are cars selling like mad when we are in a recession and

millions of people are out of work >> fortunately a lot of people have extra money in their pockets because they're not taking vacation and buying coffee when they're going to work because they're working from home. be being able to buy a car and now buying a car online as well. >> people understand that i have always been told that if you want to make money, save up and buy a dealership dealerships are one of the great moneymakers and i have tried with some friends, they're expensive. you got the market cap and the cap to do it you are buying it up and all over the country, correct? >> that's fair we made a little over a quarter billion dollars in net profit in q-3 which is a good start to be able to buy even more. >> why would anyone sell one no one in the family wants to

take it over people told us are you kidding me our sons and daughters want this, we are not selling it to you. >> i think there is three. obviously it is about what am i going to do about my business after the facts and those triggers are what drives the decisi decisioning. our acquisition is at three to five years relationship with the seller to be able to be there when they are choosing to exit and many times those sellers end up being part of our business as well and staying with us for a longer period to make the transition smoother. >> well, there is a beautiful park called a lithia park.

what's your connection because that's where my daughter and i went 20 times. what's your connection to lithia park >> well, there is a lot of connection there the most memorable to me is that my grandfather not on the lithia's side but on the moth mother's side. now my house, two houses sitting in the middle of that park and we are glad to be back and move into the community where i was born and where your daughter was able to go to college for a number of years and we really miss her being here. >> she loves your house and trees and especially the fall where you had the best follow i can't imagine foliage in the country that's bryan deboer.

>> "mad money" is back in a moment ♪ ♪ ♪ ♪

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i like pioneer natural resources and parsley energy great management and great acreage. let's talk to the ceo of pioneer

match ral a natural resource and parsley >> you have always been a big believer but in a bigger part. i never nu-uh like this part that they are so strong in why do this deal now >> yeah, jim, really it is all about putting the best two companies with the best inventories together in creating a larger company with a better free cash flow profile i have been on trecord last year adopting the model and slowing growth down and increasing your free cash flow and regarding to a based dividend which we have and both companies having a strong base. i introduced the dividend

concept. by bringing the two companies together, we create a better company with a better free cash flow profile and a better increase variable dividend >> matt, you are a young gentleman. you taught me about esg, the possibility that it could be liked by companies and managers worrying about global warming. you want to give it up you are not going to be running the company. >> first, i want to hit on the esg component. this accelerates all of our objective. our strategy was to pay down debt jim, it accelerates all those objectives, 18 to 24 months

ahead of schedule. as far as the team is concerned, i worked at pioneer, they have an amazing team and i am comfortable on what could be done i am ex triumtremely excited ton the board. you talked about three to four investments when it is over? you really think it is going to be that tough? >> yeah, i was referring to there were four investable companies today. eventually those other seven independents are going to have to do what matt and his board gets they'll have to merge together and create a larger company but most of them have too much leverage, it will take awhile. i see continue consolidation in

the industry and creating 10 billion plus companies over the next several years >> all this acquisition happening right now. do people believe that oil is not going to go back to 80 what's driving it? >> i think what's driving is the low premium transaction. nobody is paying a market premium, chevron and oxy, once somebody starts a low premium deal, chevron started it, it shows the wave in the future i do believe most transactions will be done with very, very low premium transactions plus, it comes back $20 and up to 40. at least we are at 40, we are all making money this newco combination of brea even price we can grow 5% a year and pay our based dividend and have a

$35 wti. >> that's fabulous >> matt, one of the reasons people get mad at me, look the industry is not investable i don't want to blame you. you were the one that told me, there are flare-ups all over the place. it is not right, we have to clean up our act now do you think that your thesis starting the gain some currency all they kept on talking about was esg. >> that's right, jim it is the three p's as i call it, perfection, pollution and profit we'll deliver on those three and it is combined the rest of the industry better get with it or the trend is going to move by quickly we have to put the pollution problem which counts as emissions. we have to put that front and center and improve in every single facet and get there aggressively we did so with the recent acquisition and we'll continue

to press on that as a combine company. as we start generating profits, that's going to help the company increase the per session of the industry the polymers inside the n-95 mask that comes from our industry and saving more lives we have to deliver more in a friendly manner. >> i know your son started parsley. i know he was not on the conference call. i know that at one point you retired and you were not happy and you came back. if we buy pioneer and we buy it near covid and who knows when things will get better, are we getting isn't it true. >> i am goi you >> i am going to stay here long-term. and we have matt gallagher

i heard about your story, i feel sad about your restaurant. i did enjoy new mexico and fly fishing, i am glad i am back on the wheel. i don't want to work until i am 80 years old, i promise you that >> there you go. you got one that's investable. it is the one that i am talking about. everybody, listen up, this is the one to buy if you want one scott sheffield, the pioneer, matt gallagher of parsley, who taught me so much of what oil companies can be "mad money" is back after the break. some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you

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here we go next week one of the most

anticipated electric vehicle place comes to public. i told you to stay clear of this one because it is too early, it is an early company. we got a ton of push back. ev space lately the story gotten more positive the company added bill mcdermott. a major partnership with magna international. fisker's vehicle is not expected for another two years. is this story too early? it deserves a lowscloser look.

let's check in with henrik fisker mr. fisker, glad to have you on "mad money." >> great to be here, jim, i love the show >> thank you very much you're considering the best designer of cars in the world. but, do we get more than just the design when we buy this new spat, more than just a good looking car? >> the car industry is the most complex industry in the world. i have been through a lot of difficulty i have taken lessons learned that's elon and myself at the end of the day, i have been through it one of the most important things is getting a car on time and at

quality and at the right price point all in terms of build ing materials. that's what we are doing that's the most significant deal we may ever made >> everyone says you are a great designer, within the industry, some people says this. if you can get the ocean, your suv built in a big number number to make a go with it and you are making too much money than your company can get. >> we have a pretty firm build the materials, we have a firm program plan and the cost is put out. we are not starting from zero. when you start a car from zero, you don't know what the cost is going to be. we have selected a platform that they have developed over the last 2.5 years we have all the cost for this platform we know what the cost is going to be to bring this vehicle to market it is going to be less than

$1 billion which is effective in the car industry we are racing over a billion dollars with a spa that won't happen in this case >> now let's talk about that your judgment is that you need x amount and you got it. your past record we focus on the fact that you had some failures. we went to bill mcdermott. bill has done a great job. he wrote today he goes, "i believe in great come back especially in the foundation designing huge markets, henry wants this." he focuses on great come backs what is in your track record that he says come back matters >> we launched that car 1.5

years before the tesla model s was launched that was super risky day with battery and etc. today we are using two of the largest battery companies in the world battery technology has matured and secondly, we are not focusing on improving to people that we can manufacturing a car better than toyota or gm or voe voe or volor vol or volkswagon. we want to do it to the best ability. this platform is shared with another oem. we get volume from day one

>> now if that's the case and if all that sounds so good, why one of these spaks i want to be able to have an ipo with henrik fisker, i want to own a piece of you why? >> you are making a great point. spak ha spac offers you this possibility of getting a billion dollars in or case. we have an incredible case private equity fund. it offers us to get fully funded all the way to production. we could not do that we would have to wait much longer and later and then we would have to go out and wait private funding. been there and done that i don't want to sit a thousand

venture people around the people and listen to great ideas on how to make a car, it does not work. >> tim cook in fairness, he's on the suppassembly line. you will be able to have control and magna is not fisker, thanks for the design, i will talk to you later >> that's a good point that's exactly why because magner investing 6% by fisker, we are joined by the hip we are tieing their shares into the milestone that we achieve to start the auction which is the final milestone of november 2022 phil lebeau has been reporting gms and tesla and ev and i got

evs everywhere there are enough room for all these evs. >> if i was making $100,000 vehicles, no where the next frontier is affordability with a cool electric vehicle our vehicle starts at $37,000 and we make a profit from it that's the key we are going into a market that nobody want s to go into that's what we are doing we don't have to put a lot of dollars in each car. we don't have a deal of margins. we go deirectly to our consumer. henrik fisker, you have to come back to the show i like what mcdermott said about you. we have open minds here on "mad money," we are thrilled to be with you >> that's henrik fisker. >> great to be with you.

>> i don't know, i am leaving it to up to you i kind of liked it "mad money" is back after the break. - [announcer] if you've tried college but never finished, snhu let's you transfer up to 90 credits 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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it is time it is time for "the lightning round. are you ready? donald in new jersey donald >> mr. cramer, how are you >> i am doing well, how about you? >> i am from new jersey, my stock is yetti

should i buy it? >> i think yetti is perfect. it got unbelievable platform i need to speak to matt in new york matt >> jim, a big booyah >> i love upstate new york what's going on? >> awesome, awesome. i want to know about manpower. >> better times are coming >> i need to go to sal in new york >> hi mr. cramer, how are you doing? >> i am doing well >> give me your tech on howard technology they like lockheed martin but l

3 harry is not bad >> let's go to pedro in florida. >> what's your take on draft king >> look, i do some work for draft king the stock is not down. gambling is going to be legal in every state of the union the next few years i don't know, maybe start a position >> i watched the stock go down and it is the first time people ask me about it. i think it is a good place to start. let's go to dan in florida dan. >> hey booyah jim from wesley chapel >> i am good >> my question is regarding to walgree walgreens. i have been holding them quite a while. >> you are not alone

cvs and walgreens are in the same boat. nobody wants to own them i think walgreens is over sold at 5% it is worth holding because they got a decent balance sheet and they're not all destroyed by amazon. let's go to patrick in massachusetts. >> booyah, jim >> boeing. >> i don't know what stocks are coming up. i just e-mailed right before this jeff marx, 164, we got to buy more boeing for my travel trust. let's go to jose in georgia. >> booyah, jim, i want to say thank you for everything you do and most importantly i want to know that if it was not for you i would have never bought the

bottom of this market. >> thank you >> that's all thank to you because you are the first one in manager to scream buy. thank you very much. >> i thought it wasover done >> exactly what do we got >> i want to pick your brain on a personal holding of mine, mgp ingredient >> it is kind of like what you do with these ingredients. i always liked it. it represents a great value. terrific value now we got to go to joe in california joe. >> booyah jimmy! >> yes mr. trader joe's from escrow california >> we are 30% of all water born

near parks # containers are just sitting. text tainer. >> i have got to look into that. that concludes "the lightning round. "the lightning round" is sponsored by t.d. ameritrade ♪ eah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila!

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we keep on hearing about surging homes equity loans the stay-at-home do it yourself economy. even lockdowns have been lifted for months, millions of people won't be going back to the office until we get a vaccine. that's why this do it yourself story is here to stay regardless of the election. the question is how do you play it just in case the market drops because people sell because one guy wins or another. to get the best name, jimmy choo

went back to the well. let's start with the obvious ones if you are remodelling, you get supplies some where and that's home depot i don't think it will be 10% however, there is a good chance we'll sell-off the next few weeks, either leading after the election or afterwards when that happens, you got to be ready to pass on these home improvement stocks they benefit from covid-19 what if we drill down? >> the number one thing people told me they're doing the fixing test i should know. i was fixing mine. he came on the show when azek

came public. this company is sitting there right for the grab of 37 it is hidden in plain site last night another friend of the show reported its quarter. if you are going to do any remodelling, you need wd-40. the more time people spend at home, the more they'll spend on home improvement t next is whirlpool, a lot of people buying appliances and that's what they have been doing with their money they want high quality products

at reasonable prices the company reported a strong quarter after a close. the stock sells more like 12 times. it is ridiculous a lot of people are paining, ti too. you have to go with sherwin-williams, too. we got a couple of air-conditioning shout-outs. the only one to play is carrier. they have a lot of industrial commercial exposures, too. what else? okay, a lot of landscaping and kit chep kitchen redo there are a lot more companies in remodelling but these are the best there is only one complication, when you got a bull market like

this one, you don't wake up and buy. you have to wait for a pull back the next time we have a nasty sell-off, here we go your buy list. there is always a bull market some where and i promise to find it just for you right here on "mad money." i am jim cramer, see i'm shepard smith on cnbc, and this is "the news. >> go out and vote go out and vote. >> the candidates and their very different campaigns. president trump hosting big rallies. joe biden hunkering down for debate prep, unleashing his top surrogate. >> we can't just imagine a better future. we've got to fight for it. >> this is historic. this is a real change in tone. >> the pope makes history voicing support for same-sex civil unions could this lead to a major shift in church doctrine deported and