i don't need to protect the move a couple percent out of the money. >> guy >> i am a fan of the dollar gen. dg >> thanks for watching we will see yo 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," welcome to cramer america. my job is not just to entertain you but to educate and teach you. call me at 1-800-743-cnbc, tweet me @jim cramer this is starting to feel like a win situation. the dow dipped 23 points

the nasdaq at 2.0% we can buy the stock we can buy the recovery stock once we get a vaccine. we have people returning to the cities we buy the apartments. we have a lot of people eating at home will soon eating out again with a vaccine so not by the food packet place and the restaurant that's adventure wisdom. after a huge run over the last week and a half where the market is very over bought and a ton of strategists raising 2021 dramatically i am going to articulate a different field, a caution one it never works out that everyone

wins i am going to sigh at tay at th beginning. i don't think all of this will happen you got to know, maybe have some cash if stuff happens, you can use the buy. first, it is terrific that we can see through the valley of the shadow of covid. jesus, we are seeing at insane number of new infections here to the point where hospitals are overwhelmed. while we gotten much better treating the virus, it is undeniable we are approaching a triage situation. not good the fact that we are running more than 130,000 new cases a day. considering how bad america's responses have been. i would not be surprise that number goes higher too many americans refused to wear a mask. i get that, people don't think it works i think it does. too many mayors refused to

shutdown risky activities. we don't need a curfew, we need to shut down super spreader events like bars we know social distancing can work but there is no political willness of shutting things down in the country testing contact tracing could have helped before the outbreak got out of control contact tracing is to invasive for america. statistics show it it is not the way i think. that's what i read and hear, it will get better. we are in a middle of a slow-rolling natural disaster. it is not going to stop where we shut down the bars and restaurants where most of the contagion occurs i own bars and restaurants as long as we can serve people outside, we were cool and now it is getting cooler. can't make it work with

expensive new ventilation system and most people are going to do that i am at a loss here. i don't see how we can get this thing under control. cuomo's curfew is not going to cut it i don't want to close schools or businesses i don't believe in national lockdown i think all that is wrong. we got to find a place where we call a viral load bill and we close them sadly, we may have to wait until there is a new person at the white house who believes the federal government, not the state to take action, that won't happen until two months. public health demands dining and drinking out needs to be restricted and nasmasks. i know most people don't believe that i don't believe them

that's why i have my own mask competition. the second thing, ever since the press called the election over the week, president trump doubled down the idea he's not going to go anywhere hate him or like him many people say don't worry, it will be a peaceful transfer of power. i am not so sure about that. maybe attorney general bill barr finds a sympathetic judge. maybe that causes the electoral college to misses t the deadlin. like i said, i am pro constitution but i am giving you the other side of things you can argue all this stuff is for show biden got a comfortable electoral margins than trump in 2016 i don't think the current administration is trying to orchestrate a coup

they should not be destabilizing the situation. from the stock market that's a problem. i don't know enough people taking the president's speech seriously. will this go anywhere? i don't know we are worried about the fact that we could be towards a constitutional crisis. some republicans are saying legislatures are over riding the voters if anything happens, i expect the democrats to push back the way they can they may not have the law on their sides. i bet you bill barr does this is not encouraging. when the president tweets regularly how the election was rigged and fire his defense secretary, it does not seem like he's going to vacate his premise in january there is no marshal or eviction process that i know of

again, likely? no real risk? be prepared for it the downside is we won't get a stimulus bill. the 14 million people who are out of work don't have unemployment terms like they did. the whole downtown -- sounds like a six-month proposition at the least. i expect many companies to fail before we reach the promise land hospitality company of great balance sheet and along with retailers. the others i can't seem them making it without a stimulus package it is going to be stuff to pass a bill in the middle of a constitutional crisis or constitutional fund. i don't know i don't want anyone to think i am bias. i look at it as a crisis

i don't know i struggle it is not a recipe for higher stock prices of course maybe we catch a lot of breaks and the virus goes away sometimes people think it just goes away. crazy things about it. the pandemic is raging uncontrollably and the next couple of months are looking ugly the covid-19 index is back in place. i am not saying these nightmares or pleasant dreams will all come true i am trying to be handier. they probably won't. you need to consider potential risk factors like a virus that can't be stopped none of these is inevitable. they are all likely enough that they make me want to raise some cashier as i did today hey, call me, i don't care

i rather be scared and point out the things that could occur so that you don't accuse me of being ostrich bearing burying sand >> do i think this is going to happen i hope not how about this wishy and washy enough in today on veterans day we have a few more questions on those who have served or currently serving in the u.s. military. our first question is from eric from west point. eric >> booyah, jim, my name is eric moraly, i am majoring in physics. recently i have come to realize that cyber security is becoming an increasingly important component in overall business strategy especially with the rise of cyber threats. now with this, i shifted my most

to crowd strike, a cyber security firm whose main source of revenue is their subscription with this business model, do you think future growth is continuing at the same rate they have been going at all year especially at a covid environment? thank you. >> it happens to be one of the best crowd strike. palo alto is my two favorites. it is very, very good at what it does it is expensive. as the longer term, we need it our next question is grant in florida. grant! >> booyah, jim >> it is grant, i serve in the first battalion, i want to say thank you for being a patriot in this country and recognizing the men and women who serve our country on veterans day. the average person may have 2,000 or 3,000 to invest in the stock market, what would your

advise be? >> thank you for serving the 82nd, i think what i would do is i would -- until we have $10,000 saved up s&p index fund low fee. that way you got the diverse cases and you can put some mad money away in individual stock all right, we got a question from ryan at the u.s. coast guard station in new haven ryan >> hi jim, thank you for having the crew of new haven on your show we have questions about electric vehicles we are looking at nio as a possible competitor to tesla what is your take on that company and when do you think is the best time to invest in it? >> i think nio did went from

10-2 i prefer to be in tesla. i think tesla is terrific. by the way, take a look at fisker just because we have seen a lot of people like fisker on the show and it is worthying about. i want to thank you for the questions and the service. again, market has been robust, i presented a couple of advocate situations that may make you feel i am being a little cavalier and maybe raise some cash can those things happen? i don't know that's what people are talking about. i'm siting down with the ceo of earnings and is ulta on target i'm siting down with the ceo, they are teaming up with retailer to create beautiful possibilities for both company lemonade is fully after earnings looking pretty good. time to make lemonade out of

lemons stay with cramer don't miss a second of "mad money. follow @jim cramer have a question? tweet cramer, #madtweets send jim an e-mail or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com, at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change,

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home sales may be on fire. rocket companies, the nation's largest mortgage lender does not get enough love. we are taking back to the high teens and low 20s.

rocket remained stuck. we are taking a meaningful talk, it was an impressive beat. imagine throw in a billion dollars buy-back the stock dropped 2.5% that makes no sense to me. welcome back to "mad money." >> you got me puzzled too of what's going on with the stock maybe you can give us advice on what's going on. >> i can't blame you you are talking about the quarter was a booming economy. we had fabulous job formation and you were able to crush the numbers of last year how were you able to do that

it is all about your platform. our investment and technology almost half a billion dollars last month that platform allowed us to scale. we were doing about $15 billion a month at the start of the year in october we did about $30 billion. that's just technology combining with the great brand we got and led to great closings. >> these guys must not be taken care and violating the standards and doing stuff like 2007. when i look at the risk you have, when i look at your number, i know you off flow this >> yes, i am glad you brought it up, our number one thing is quality loans taking care of our clients. our 11th straight best in client service for loan origination, no

one ever achieved that before. we are in this for the long haul, 35 years here in michigan and founded by dan gilbert every decision we make is for our company. we are able to do all of these growths with that loan quality and great client service >> dan always thought big and he's a great american. i understand you think it is within reason and you can own 25% of the growth market >> absolutely. if you look at the partnership, realiti realtor.com. we got all kind of upsides here. we rolled out our inside tools so realtors across the country can follow the loan our clients getting.

we'll have 15,000 signed up by the end of the year. the upside for us in terms of how our business is going to grow we see 25% by 2030 >> how is nfl partnership doing? >> it is great i think you saw larry fitzgerald out there. >> he was on my fantasy team he's fabulous. did he memorize his lines. mostly guys come on and not so good as actors this guy is great. >> i was not at the shoot. my chief officer told me he was a pleasure to work with, enjoyable and energy and excitement he's a great guy to represent our brand. >> oh boy is he ever i want to ask you about the buy back typical back secondly, is that about half the float? >> well, you know we are a little different we have been in business for 35 years, we have the fortunate about having access to nearly $7 billion in capital right now. the best investment we have been able to make is in our company

if we see stocks that don't represent the true value of the organization, we won't be shy in buying it back we felt strongly of our future and just talked about it we'll be optimistic as we have always been. >> i think a lot of people thinking rates have to go up and this move out of the city and suburbs can't keep going i was on the horton's call yesterday. horton is pretty good. it is a remarkable time. i think people don't understand that it may be the beginning of an exit given the fact that what has been put in place unfortunate by the illness is a whole new pat tertern of the wa people live. >> when you talk to ceos, e wweh think of the future. great news looks as though we may have a drug on the way to help alleviate the pandemic, the change that are happening in the work environment, we are not going backward

efficiency and better quality of life people are going to be working from home part of the time that's why home is more important than ever. we don't see that changing any time in the near future. >> i am so glad you brought it up one of the things you said at the beginning was home is now where you go to school home is where you go to work home is the essential value proposition, not as an investment but a way of life that will means we want to get mortgages and buy homes, more than i have ever seen in my whole life >> that's right. even when you look at the refinances we are doing right now. so many of them are -- so many people are remodelling their home and offices >> according to black night data, 70% of folks out there can save by $100 a month by refinancing their mortgage all the loans we have done in the last 2.5 years, more than

50% of those were not tied to interest rates cash out purchase, people changing their life situation. we feel great rather rates ticking up or down we all want to say hello to dan and wish some luck for us. he's done so much great for detroit. that's jay farner, congratulation os on a great quarter, sir >> thank you, jim. >> "mad money" is back after the break.

even after the retail cohort on monday, 7% gain yesterday, ulta is teaming up with one of their thought to be fierce competitor, target ulta beauty at target in more than 100 locations starting nex

year ulta gets access to target's customer base. ulta stock rebounded the level not seen before the pandemic they can add a lot of square footage. they can put up dozens or hundreds of new location the stock pulled back today. we have to skrask, is it time to buy? let's talk to the ceo of ulta. mary, it is great to have you here >> great to be here, thank you jim. >> why don't you tell us about the details and economics of the store in store of how it works >> think about this as two retail leaders, ulta beauty and target coming together to delight guests the way this will work is think of an ulta beauty within target

and the look and feel of ulta beauty with a prestige image, we'll have brands, makeup and skin and hair care and fragrance and there will be consulation areas, so guests will have the opportunity to learn about beauty >> you have an amazing program and a fabulous website i imagine this initiative will get you into a whole new group of customers that don't know ulta >> that's the exciting opportuni opportunity. between ulta beauty and target, we have 100 million people active in our program. it gives millions of new guests and opportunity to experience and learn about brands and we know that guests are excited about this, the combination of ulta beauty at target.

nine out of ten guests saying they love this idea. there will be an ulta beauty within target on target.com and we'll be able to fulfill through the many wonderful investments that target has made and for ulta beautyus

people may say how this come together i know you were on the board of target for a long time culture is similar i am sure you have learn a great deal this is natural for you and brian cornell to come together >> i am thrilled about it. brian is a retail leader and a friend our company shares deep values about our team members in our store and about our communities and about diversity inclusions that makes for a great foundation we are always looking around the corner and looking for opportunities for guests and innovation to lead and so the partnership is perfect our guests are going to be excited from what we have seen so far >> president-elect is a great believer in masks, masks do

create problems with skin care, skin care, we looked at the website of target, they do not have the prestige brand that you have this is a chance to expose target to brands they do not have >> we are excited about bringing able to bring new brands to new guests and the ability to try and learn skin care as you said is very important right now but as of makeup and hair care and fragrance. we'll have all great brands, too. enjoy and discover >> you talked about greater choices and transparency you got real issues, key pillars. i want you to tell them what key pillars are. it represents different message from what people who may not have known about ulta from before you were in ulta. >> key pillars in terms of our partnership.

>> i am talking about cleaning ingredie ingredient >> when i told my vegan daughter about this, she did not think it is ulta. i said that's all tulta >> we just launched conscious beauty, we are really excited about it it is about bringing together and cure raating what guests ar looking for whether it is ingredient or sustainable packaging. that's an initiative that we are coming to market now just like your daughter, many guests are interested. we are trying to make it easier for the guests to discover and get what they want >> i saw some analyst from jp morgan she says there is cannibalization. i saw tremendous where there was not one within five/six miles which does matter.

>> absolutely. i mean we are committed to building this partnership for the long-term that drives incremental growth for us and target and most importantly to be in place that guests candace cover ulta beauty within target and brands they have not discover before. we think there is plenty of opportunity for us to bring this concept to life. we are excited about it. very excited >> i don't blame you >> i think it is the next chapter and it is a fantastic team up. congratulations on getting it done that's a big deal. >> thank you, mary when i saw this, this is worth 50 to 70 points. it is not done "mad money" is back after the break. who is usaa made for? it's made for him a veteran who honorably served and it's made for her she's serving now

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what are we doing with the high stocks of the past 2020 take lemonade. no, it is not a drink. it is an intriguing company that's using technology to shake up the insurance industry. this o i want you to wait for the pull back 60. maybe lemonade has been bouncing between the high 40s and 60s a big top and bottom strong guidance but it did not seem to matter honestly, i am not sure what to make of this let's check in with daniel scnreider. >> welcome back to "mad money.

very tricky insurances a kind of insurance. pet insurance which i felt way too expensive so don't get it and term insurance is such a bargain. how are you going to make it work >> you are right it has been three months and the company is kind of a different company and we are seeing amazing dynamics diets your vi despite your view on this, pets is a great product to have people love their pets if something happens to them, they need to give them treatment. it is a wonderful form of insurance. we launch it just three months ago and it is after to a roaring start. we are seeing sales much stronger than anticipated. efficiency in terms of marketing, it took us three years to get where we are.

we have seen tremendous -- pet insurance is more costly than renter insurance you will see a full x with no cost to acquire extra premium on our part we hope to see it in similar dynamic. growing with them. >> once you get that wallet, you do well. but the lighting i mean insurance company i don't want to know them. >> that's where our opportunity really is. we are being in the market for only four years. we have been ranked as the top insurance company in the united

states and there are several thousands of insurance companies in the america we are putting the consumer in the center and using technology to give them the best prices if that's not delightful, i don't know what is >> how many middlemen do you kick out they don't make that much money. that's not your ethos. your ethos is getting people to do business with you so you are not losing in terms. >> you are right, that's the beauty of technology, is it? you can give people a superior experience while cutting out cost if i am paying you clean in 3 seconds, you know that humans are not in the loop. you are going to be thrilled with that. so many industries are being disrupted. i think insurance is the most

uninterruptible in the planet. >> i could not agree with you more >> i was talking with my staff, do we want lemonade on i like the guy i figure people are going to say -- i would say the majority of my staff using lemonade how did they find out about you? >> well, thank you to them for their business i am so happy to hear that they are using us and happy about it. >> with the results that we just announced this quarter of the pandemic and all that. we double our business year on year q-3 this year and last, our gross are more than double we are asking these dynamics of tremendous efficiency and

increasing profitability at the bottom line and through the delight of consumers they tell each other they have a good experience. they pass it on. we are focused on delighting consumers and we think a lot of benefits come out of that. one is lower cost and higher retention rate 25% low and in absolute terms in the same time last year even our business is twice as big experiences more delighted and you start seeing the fly wheel >> i have to tell you, daniel. i don't like to look at the stock price when i read quarterly reports or listen, i don't want that to interfere with my thinking i read it and i thought these stocks should be nicely. it is not up because 33% lock up

will expire tomorrow what happens if they don't sell. i can't imagine everyone is going to want to sell at these prices >> you know you and i discussed this before. we are all about the long-term we are still a small insurance company. a young ipo company. we are talking about building for the next five or ten or fifteen or twenty years. yes, the stock does funky thinks our eyes is on the prize in carnati . >> i have to believe some of stock is a renter in a one-bedroom may move to the suburbs because we are talking about rocket mortgage and takes a new policy and maybe they buy and they get a pet and take a pet policy and they realize they're about to have children, they take the term policy.

the runway is pretty clear here. >> when we think about subscription based businesses and spotify and netflix, up sail may be 10% or 20%. then when they go to the suburbs, we reported quarter that although our business doubled, the number of people going through the process grew 300% it is out pacing our growth at large. each of those customers went from 150 to 900. you lay on top of that pet, 1600% increase in premiums absolutely with no cost. it is a big deal >> that's rather remarkable as someone who was in sales and taught sales that's incredible. >> daniel schreiber, thank you so much, sir

>> thank you, jim. a quick note on this one i have been thinking and i remember this is number 17 on cnbc's 2020 disruptive list of the 50. look at these people jeff, you are always welcome on the show join us to celebrate the company's 2020 list and hear about break through innovations. lit to see a full agenda and of course register to attend. "mad money" is back after the break. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line

by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. say hello to a drug-free way to ease stress. stress comfort. a gummy supplement with lemon balm plus saffron, to naturally boost your mood. stress comfort from nature's bounty.

. lightning round is sponsored by t.d. ameritrade >> i have been watching your show for about ten years >> thank you for everything you do >> i want to thank you for sharing your market knowledge. you have impacted my approach of investment it is time it is time for "the lightning round. are you ready? time for "the lightning round.

let's start with jerry in arizona. jerry! >> booyah. when i am not watching the show, it trout fishing here in arizona. my question is pacific ethanol >> i am a fan. i wish it would cool off so i could recommend. again, i need to go to chris in florida. >> booyah. >> booyah! >> long time listener, first time caller. given what you said about cvs and this september regarding, what are your thoughts of cvs now since they are the acquisition of aetna >> sure. i gave a talk today of my travel trust, cvs is still incredibly

cheap. new ceo is coming in, caron lynch. i think the stock is too darn cheap. they are one of the biggest ways you want to invest is the dispensing of the vaccine is going to be from cvs >> let's go to charles third generation of my family serving as a special operation pilot. i have done well the last couple of years is it time to buy more >> i think it is a terrific situation. just continue to stay on it. it is a good question and thank you for everyone i believe in the humanization path, it is the number one way to do it let's go to alex in illinois >> booyah, jimmy.

>> go birds, first place i think they got a lock on that. >> my stock is t-mobile. >> what a winner oh my just continue. there is a great piece of research taking up three or four million new page it is coming up every single year i don't know where we find them. dave and i were joking about it. t-mobile is the winner it has been an amazing stock >> barbie in new york. >> hi, jim thank you for taking my call i have a question of intel, buy or sell or hold? >> on intel? >> recall. amd is one that's also -- they went with their own chip and apple own it though. amd is down a lot. william in texas >> jim, thank you for having me on the show.

>> of course >> and your support of the military and a quick shout-out to all those serving my question is on holly frontier >> it does not make enough money for me >> i need to go to justin in yone york >> you are up justin >> booyah. >> booyah. how it may perform in the new year >> i have been so weary, i have been recommending alibaba which did come back. it is down 20 points this morning and came back to positive it is the only chinese stock i am recommending and i feel that the election vehicle space if you want to be in there that, you go to tesla. that, ladies and gentlemen, that's the conclusion of the

lightning round. "the lightning round" is sponsored by t.d. ameritrade youe 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! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good.

talk to your financial advisor about investing responsibly with calvert.

could apple be more understood >> take yesterday of mac book

pro and air. hey, that's just saying i don't know about you if i get three hours of life out of my pc, i am thrilled i live in fear of my battery running out. i was always one of those people sitting on the floor of the airport grabbing some juice before the flying. now these new machines may not be able to move on its own pcs are a high category now. they got roughly 10% of market share. that could go much higher. they're basically taking everything they learn from making chips to phones and p applying it to pc. every computer running on processe processers i want a longer term one i love the new computers i love that apple refused to make low-end products. they stick with quality. then there is the watch. hey, i am jealous with anyone

with the latest innovation because it is getting better so many people telling me they don't need a watch, they can see the time on their phone. i had people realizing they could be on the verge of a heart attack don't get me started with the iphone 12. we went to an 8-person birthday party. don't worry, everyone had to be tested first hey, take a picture of me and lisa i thought it was great take a picture with me and lisa, it was great how the heck can we pay that much when not that long ago of 15 times earnings, we hear the wise people say. apple used to be a gadget maker. this is 2020, not 2005 what changed apple is not just about the hardware anymore

they are a vast service revenue stream if the bill comes up around 2:00 a.m. of apple tv and cloud backup and photos and credit card they take a sizable cut of everything and they sell it through the app store. i have been saying for years tons of occurring revenue. does it make sense to pay 30 times earnings for that. it is cheaper than mccormick, the big spice company. that's right it is cheaper than this. start wondering why it is so cheap for a company with fabulous stream like costco or netflix or amazon prime. wall street always pays more reoccurring revenue streams. i think it got more room to run. throw in a new president that'll

be less hostile to china and apple does a ton of business when it comes to apple, own it, don't trade it i would like to say there is always a bull market some where, i promise to find it just for you right here on "mad money." i am jim cramer, see you tomorrow the news with shepard smith starts now i'm shepard smith on cnbc and this is the news the real world consequences of president trump's refusal to concede. the pandemic, national security, it's all at risk a major political shift in texas. republicans making big gains with hispanic voters in border counties i'm scared we're scared. >> covid watch front line workers in their own words as they struggle to keep up the fight against covid-19. . >>