dan nathan chimed in and voted for pete's power pitch >> even dan likes it >> although i might rue the day, srpt was powerful. >> we will see you back here tomorrow at 5:00 my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica just trying to make you some money. my job is not just to educate you, but to entertain you. three of my favorite starjts

came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. >> buy, buy, buy. >> just one little problem when one strategist says everyone's bearish, that's a listen up moment when two strategists say everyone's bearish, you might get a little suspicious. when three big-shot strategists say everyone is bearish, you got to figure the consensus is wrong. we don't have too many bears we have too many bulls and maybe that's why the averages rolled over today with the dow tumbling 317 points, s&p sinking 1%, and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. they have plenty of facts on

their sides. everything from low interest rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. unfortunately, these positives have a whistling past the graveyard tenor to them, and i mean that literally. let me tell you why. first, it's one thing to read about the rising number of covid cases. yesterday there were 144,000 in one day another thing when you realize what that growth rate means if infections start spreading like this, a gigantic portion of the country is going for catch this thing. some say the massive spike is from halloween parties that's just nonsense it's not a spike it's plain old exponential growth we thought per were hot spots like nursing homes and places of worship. having ti having dinner with your friends inside thanksgiving's only a few weeks away, what happens then.

forget hot spots, it's more like hot swaths because the virus, it's everywhere. it's just ridiculously and horrendously contagious. i know millions of americans are convinced covid is equivalent to a bad cold and only dangerous if you are old or have a pre-existing condition but the president of the united states gets the best health care in the world, including experimental drug made by regeneron that has only been given to a handful of people outside of clinical trials sure, we've made real progress in treating the virus, absolutely however, if you get a severe case, if you actually need treatment, you still need to go to the hospital and need to see a doctor unfortunately, our doctors and hospitals are both stretched to the limit. when they run out of capacity, we enter stephen king territory and covid becomes a lot more lethal than it should be we keep hearing that no politicians want a lockdown. the federal government basically had to pay people not to work to

stay home to help flatten the curve. remember that term flatten the curve. get ready to hear it all the time, if it's possible this time around i'm betting we won't have full lockdowns, though partial ones. without statewide shelter in place orders, we'll end up with nearly everyone staying home, especially if local governments enforce mask mandates and social distancing after a while it will be so obvious going out is too risky that the most courageous or stupid will still hunker down. basically we'll have a nationwide self-quarantine, except this time there won't be any tra money from the government to tied people over i expect consumers to do the same thing on their own. you'll only go out for the essentials because you don't want to get sick or have your family get sick. in short, even if the government does nothing to stop the spread, we still have to deal with a raging pandemic and that's not a recipe for a robust bull market or a robust economy.

we should thank your lucky stars the fed is keeping interest rates low, allowing people to buy homes in the suburbs or the country and paying to renovate them and buying a car to get around it only works if you still have a job. don't forget, 13 million people in the hospitality business in real trouble lockdown or no lockdown many or small to medium-sized businesses could be wiped out the landlords and creditors will be less forgiving. then again, maybe the bank examiners won't let them who wants those stocks not me in this void, what kind of leadership do we have? it's less leadership more leadership vacuum. i heard from the president today. he sent me, oh, and millions of others a campaign appeal protect the electoral process. silly me, i actually thought the election would be over after we voted, but trump's campaigning as though the race is still on meanwhile, the republicans and democrats in congress have dug in their heels

doesn't look like they're in any mood to get a stimulus deal done our public health leadership, shambles i'm hopeful we'll get good news from moderna, johnson & johnson. i like to know that j & j has a billion if not 2 billion vaccine doses sitting in frozen warehouses all up over the country. without some new breakthrough, i see a world where we stop traveling again, perhaps forcing all the airlines to follow america's lead in offering a huge chunk of stock. american airlines, remember that deal at 13 not looking good the airlines will need another bailout from the government if there is a government. i can see a bankruptcy looming for the minor retailer chains that we don't think of, nonessentials and many of the players in the mall. we know consumer spending declines when you or a family member gets sick given a million americans have been diagnosed with covid in the last week, that's a lot less

people spending money. we can take the worst-case scenario off the table how about if president trump and president-elect biden would get together and plot out a strategy to distribute the vaccine, and by the way, i think j & j does have a billion, okay distribute j & j's vaccine and pfizer's vaccine as soon as possible and work together a national plan to manufacture hundreds of millions of doses and distribute them all over the country like we did with the polio vaccine. you all lined up and got it at your school instantly. can you imagine them working together would that be a great country? the bottom line, if you're bullish on stocks here, you have to recognize all these things and believe that in the end they don't many anything because we just need to hold on long enough for people to get vaccinated if you don't feel that way, though, you have to accept that we're in for some pain because this market has too many bulls and a good deal of them are going to panic our salute to service veterans day tribute continues. first question is from jason at the united states air force

academy, where we were just last year jason? >> caller: hey, jim. my name is jason and i'm a senior at the air force academy. my question for you is about fiver. they've been a clear beneficiary of the freelance and gig economy boom and the stock is up nearly 700% year to date, but do you think there is enough growth opportunity to support this vie valuation as the economy recovers and people return to full-time rourke than work. >> i've been looking at fiver. uh-uh, not playing i think fiver is too expensive, jason. i don't want you in that stock i just don't that is just not the place to be okay there are too many bulls that's the sign to get cautious, not to get aggressive. because we'll be in for some pain if we don't get more bears. on "mad money" tonight, as restaurants, hotels, schools and other big institutions prepare for a potential second wave of covid, i'm talking with the ceo

of sysco, that's the syy kind, finding out how the food distributor is cooking up a new way to do business the ford ceo has only been at the helm for a few weeks but already looking at ways to reintroduce the brand. announcing an electric version of the best-selling cargo van in the market i'll talk with the ceo more enticing than fiverr. don't miss my exclusive with another down and outer stay with cramer don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. ♪ you can go your own way

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in a market that feels like kind of a tug-of-war between the prospect of pfizer's miraculous vaccine and the reality of the current covid outbreak, what the heck are we supposed to do with a terrific company like sysco corporation? that's the syy kind. the food distributor supplies hospitals, restaurants, schools, hotels a 90% effective vaccine would be huge for customers the stock has been battered as new infection numbers broke records. sysco's got problems right now, but they'll be able to survive just that they need to be able to make it so that they make a lot more money until the world becomes normal in the meantime, management's taking action to help their clients. many of us are smaller restaurants.

sysco is eliminating minimum delivery size requirements, placing small orders to make it easier for them to stay in the game as i know from my restaurant and bar, it's all part of the restaurants rising campaign and i think it deserves more recognition. so let's take a closer look with the president and ceo of sysco corporation. took over in february and was immediately thrown into a trial by fire. kevin, welcome to "mad money." >> thank you, jim. it's great to be on your show. we appreciate you having us on this evening. >> well, i want to talk about this thing because it's really terrific i don't think people realize, but the restaurant business is a tough business and what you want are partners a partner is someone who doesn't charge you a minimum for delivery because, you know, basically you're strapped. and i know from your excellent documents that your customers have a better record of staying in business, and i think a part of it is because of the partnership. >> yeah, jim, you know a ton about this industry. havi having, you know, owned restaurants and owning restaurants. we would be proud of in this pandemic that we're all going

through is that sysco is doing more than anyone in our industry to help those small business customers to be successful nothing is more evident of that today than our announcement eliminating the order minimums for small, medium and large customers, but most particularly for those small customers. we're not doing this as an opt-in program we have the largest sales force in the industry. we're literally going to go customer by customer by customer to ensure that they know about this news and offer our free value-added services to help them be profitable and successful during these difficult coming months as covid surges and the winter months make outdoor dining more difficult. >> one thing that you said that, frankly, cuts to the american character, i believe, is that the restaurant business is a little more resilient than you thought. look, i mean, they've managed to come up with new ways, outdoorways. ways to be able to save money. and it looks like you're actually somewhat optimistic that we can ride through this. >> yeah, jim, we've been pretty resolute from the beginning that

the independent local restauranteur is an entrepreneur and they have staying power. there were some industry reports of bankruptcies in the 30%, 40% range and we've not believed that from the beginning. with that said, it's proven out to be even stronger than we thought. we reported recently that less than 10% of our customers are currently closed and our job through these coming winter months is to help all of them be successful through the services and food product and expertise that we provide to them. >> and i think we can put numbers on it, you had a very big, bad debt number and it turned out that people paid and the bad debt number went down dramatically >> yeah, jim, we were able to reverse some of our bad debt collections reserve, as you just mentioned, and we're proud of that because the work we've been doing, we have a team that uses predictive analytics to identify which customers have the highest risk and worked payment plans to help them bridge through this time of difficulty for them, and to be a good partner, as you said earlier. >> now, how were you able to

have free cash flow of $862 million, substantially higher than last year when last year there was no pandemic? >> a combination of accounts payable, accounts receivable, strong inventory management and managing every penny, jim. so we're really proud of having positive cash flow and operating income in our q1 despite a 20%-plus drop in sales it's a testament to our team we said that isn't a run rate for the rest of this year. >> right. >> it truly was a really strong performance due to the reasons i know tated a moment ago. >> okay, kevin, let's speak of the future i, like many people, had -- was able to have outside seating and then it got too cold and we knew that you couldn't do it because we didn't have the room to put the heat lamps >> right. >> there are a lot of restaurants in manhattan, for instance, and also where i live in summit that have great outdoor facilities they've really been able to turn it around.

kevin, what happens when it's too cold >> yeah, that's a great question, jim, and we've seen this coming obviously for many, many months. our sales consultants have been working with each and every one of our customers to extend that outdoor patio season where it's feasible with the space heaters. we sell domes, tents to extend it even further. cold weather isn't really a driver of performance of our restaurant partners. it's the restrictions that are being placed on customers. so, for example, wisconsin, which currently has fewer restrictions than illinois, is performing much better than illinois >> right. >> and it's colder in wisconsin than in illinois so, really, it's about what are the local governments doing vis-a-vis on-prem dining since we know it's going to be choppy over the next few months as restrictions probably ebb and flow, that's why we lowered minimums to zero to help our customers through this time period. >> and do you think -- i think people are often confused.

your business is not all restaurants. are some of these big institutions -- like when i see a school system say, listen, we're not going to -- you're going to have to do it at home it's too scary how does that impact your business >> yeah, our top performing businesses are what we call qsr, anything with a drive-through window we have a pretty strong business in that regard we're actually running increases prior to last year our hardest hit is travel, leisure and entertainment space. as you know, most of those are closed k-12 education and even college education, and, yes, that business is down we're working with our partners in that space. what does that business look like in the future fewer buffet styles all you can eat meals. more individual meals, to go containers sysco is bringing innovation in the packaging and quality of meal in single serve for the future. >> the fact you've done as well as you have, i know my friend

nels nelson pelts is thrilled with the work you're doing. in the interim, doing pretty well ceo of sysco, great to see you, sir. thank you. >> thanks for having us on. >> okay. "mad money" will be back after the break. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. ♪

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are investors built ford tough, enough to beth the electrifying shifts in the automobile space >> well, this is going to be exciting this you're going to like.

as the market gets hammered, thinking about circling the wagons around groups that work even when covid cases are exploding. and what's working the automakers, especially ones with non-covid catalysts take my fav, ford motor. we know the pandemic has made driving more attractive, but ford is also a turnaround story. over the summer they brought in a new ceo, a guy i've known for a while, by the name of jim farley also known as jimmy car-car. i'm not making that up it's for real. they relaunched the bronco in august, a lot of people's favorite it already has over 190,000 reservations they reported a terrific quarter two weeks ago. just a massive top and bottom line beat. maybe more important, ford keeps rolling out new electric vehicles, like the suv likely coming before the end of the year or an electric f-150 slated for 2022 forward announced the etransit, the electric cargo van, the first electric cargo van for

commercial customers let's take a closer look with jimmy car-car himself. the new ceo of ford motor. to get a better sense of where his company is headed. mr. farley, welcome to "mad money.." >> great to be here, jim. >> how exciting is it, jim, to run this company, run this icon? >> i mean, my grandfather started the company in 1916, you know employee 389 worked at highland park and then the ruche plant. so everything good that came in our family came from ford. >> let's talk about something that's new, the electric van, because i think people all over the country want electric as the first reason why to buy something. >> well, you know, this is a big deal for us because what makes us different is that we are investing commercial vehicles. there's a lot of exciting retail vehicles like the new mauch-e.

50% of the market for commercials, the f-150 and the transit are the number one nameplates in their segment. we sell over 500,000 transits a year around the globe and we're going to electrify it. the commercial customer is really different than retail they don't overbuy on range. our electric vehicles are going to bring electrification to the job site so people will be able to use that battery and the etransit to power the job site. >> i bought an f-350 why did i do it? because of power will i get enough power with an electric 150 that i want because that's what diesel does. >> it's great power. you know, the range is going to be about 300 miles the big differences for people on super long trips. you know, it's not the best -- you know, it's not the best application. but we sell 1.1 f series every

year and within that million unit customers, some have duty cycles that are perfect for electric the cost of electricity is just a small portion of gasoline. for those customers, 40% less parts to go wrong, better up time and they have a lot -- and they have great performance and they have a lot lower cost of ownership. >> speak to me about the demand. some people feel we're in a terrible recession i looked at before you came on, i looked at f-150 used prices and the used prices are holding. i bet you some of them are, like, through the new prices of different models it looks like, therefore, demand must be excellent. >> it's incredible you know, you saw in our third quarter, you mentioned it, our finance company had a great performance. a lot of it had to do with really strong -- [ inaudible our dealers seeing a lot of strong demand for used cars right now. they're worth a lot. the market is rationalizing now. we're seeing in resale value,

but prices are really strong why? because we have overcapacity in our industry and the stocks are low. so when the stocks are low, there's pricing power. it happened in '08 it's happening again how long will it last? who knows? we've got to work on our costs at ford, but it's really strong for us right now we're getting prices we haven't seen in a long time. >> all right covid, double-edged sword for you. obviously people moving to the suburbs, fleeing the cities. can't get around in uber, you need a car maybe a f-150, but at the same time, plants may have to close because of covid how are you balancing the two? >> boy, it's -- it is definitely a supply shock right now i never thought that would happen, but that's what happened our team is scrambling night and day. we have, you know, to keep our plants going in the midwest, we have the most american jobs of any car company, most american workers, to keep those plants

going. we're air shipping vehicles. i think we have 400 suppliers on premium freight right now. mexico, we have lots of suppliers with high absenteeism, but our team is working through it as i like to say, scrambling is a core policy at ford right now. >> how about the bronco? you scrambling to make a lot given the demand >> it's out of control you know, we're really excited to bring bronco back after all these years. it's an iconic product i think we executed the product really well. as you said, we have almost 200,000 orders right now we're trying to figure out to work with a supply base on how to get our production back up. so we're kind of sold out on the first units. i think it's the first true competitor to great companies like jeep, and it's about time, you know this is ford's strategy. we're going back to the basics and creating these iconic vehicles. >> let's go back to the basics i like the movie "bullet."

i like steve mcqueen that's what the hottest car was then one of the greatest movies i've seen in a long time, ford versus ferrari. can ford be that again >> yes, absolutely you know, look, our business has forever changed with connectivity, with electrification, and those are good things. just better relationship with the customers. lower cost for our customers but, you know, product still matters. look at the bronco and the f-150, the new mustang mauch-e and, yes, we can absolutely do it and we're doing it. we've got all these new products coming out can't wait to see what americans think of it. >> i like the partnership with salesforce because the idea of becoming integral to the small and medium-sized business is what you should have been doing, frankly, for a long time >> yep, that's right you know, where we get our strength at ford is commercial,

small and medium-sized business. plumbers, electricians if you ride around with them like i have, they're running their business on post-it notes inside their f-150s and their vans they're so underserved so to come with an enterprise solution so they can do dynamic routing, coaching for their drivers, even inventorying, you know, it's a huge chance in fact, bringing autonomy, even partial autonomy to them frees up a lot of time so, you know, they can go for more jobs, bid for more jobs. so, you know, we really have a unique relationship with these customers. we're 50% of the market and now we can go into the software and also the services business to maintain the vehicles. >> right. >> for a lower costs but it's a big change for ford. >> jim, speaking of big changes, i always felt with your predecessors ford felt like it had to be in every country no matter what. i used to get off the phone with guys saying, listen, we lost this money, but we have to be

there. are you committed right now to people, including people who say can ford execute in 2021 target $9, morgan stanley, can you commit to us the idea you want to make money everywhere or else you don't want to be there >> it's the only principle our plan is really simple. turn around automotive operations, modernize the company and disrupt our selves the first point, we absolutely have to have a sustainable path to profitability or we will not be in a market it's that simple. >> wow you know that's different from your predecessors. you know that's a commitment you're making that is different from the history of ford, which has to stop losing money and stop cutting dive tends and stop doing the things that make it so the people who bought your stock are disappointed >> well, let's look at it this way. you know, a lot of our competitors have left europe or southeast asia ford has a different business profile. we have a great commercial vehicle business in europe we have a great range of business in thailand and, and australia.

so, you know, we have -- we have a global strength with our commercial vehicles that others don't have it doesn't mean we're going to pull out of every market you know, but it does mean that this team is committed to having sustainable path to profitability in all the markets we compete in. that doesn't mean we're going to leave all the markets. >> right. >> it just means that, you know, that's how it's going to be. so don't look at us like the same way you would look at another company that doesn't have the commercial strength on the other hand, absolutely. >> all right let me just ask you this -- >> turn around -- >> -- last question. that it sounds like -- if it's a great market, you can double down, but under the current president, i would be afraid that ford would be blasted in twitter saying this guy, farley, he's building plants where he shouldn't be building plants if there is a great market, are you okay building a plant there now? >> yes, yes. i mean, we're investing heavily. look, for lectrification, the

f-150 as well as the transit, we just announced $900 million investment in america. we're producing here because that's where the electric vehicles are going to be made. >> okay. fair enough. well, look, we wish you the best of luck. we do think that ford can execute in 2021. i think target nine is wrong i'm saying target 12, all right? you good with that. >> i'm with you. i'm with you i got to get back to work. >> all right i like that attitude jim farley, ford motor company "mad money's" back after the break. at calvert, we know responsible investing is hard. 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

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because they're always on. another life-changing technology from abbott. so you don't wait for life. you live it. tough day for the high-flying tech stocks. some have been crushed so we have to ask, is it coming

down so much that it's hard to ignore here is a stock on a roll until august when the company reported a great quarter with very cautious guidance, which caused it to lose more than a third of its value in a matter of days. after bouncing on the bottom, a comeback a few months ago, preannouncing strong numbers for the third quarter. in response, stocks spiked from 113 to 145 in a single session fast forward to last week, the numbers come in much higher than expected, but it didn't matter because once again they gave a very grim forecast plunging from 144 to 114 since then it's come down more than another point go it to tell you, that guidance was, indeed, worrisome down from 25% increase last quarter. however, a part of me feels like we've seen this movie before they just did the same thing three months ago turned to be one of the situations i think they underpromised and overdelivered. don't take it from me. let's dig deeper with a change

of command here with the co-founding executive chairman and former ceo along with his successor, mark anderson, the new ceo. mr. stokols, mr. anderson, welcome to "mad money." >> hey, jim. good to see you. >> all right let's get to it. first, dean, you are stepping up to a new role. i think you're a young fellow. i think you have many more years ahead of you why now? >> well, jim, i've been at this a long time. i've been at the helm for 23 years. it has been a long, emotional journey. i know the journey for the company is not over with we are less than 1% penetrated into the tam that we've identified as a $50 billion tam. and i'm confident that mark anderson is the guy to fill my shoes and take it forward. >> okay, so, mark, cyber security, we talk to palo alto all the time, as you know, and have for ten years how is that synergistic with what you're doing right now?

>> well, thanks a lot for having me on, jim i definitely appreciate it excuse me. longtime fan and watcher you know, listen, one of the things i loved about palo alto networks was the mission, right, to prevent successful cyber attacks, and i think we've got an equally compelling mission where our customers ar struggling with the vast amounts of data that are swirling around their business and, you know, those that can command control of that data and deliver, you know, insights to drive data-driven decisions are really separating themselves, you know, from the losers. and i love the fact that, you know, especially we get a chance, you know, with our platform, upscale workers. people that have lived the miserable existence of banging your head against the wall with the local spreadsheet, you know, new application, we get to allow them with a simple drag and drop to really make the data safe and prepare it for advanced analytics. >> yeah, dean, i was talking with one of your acolytes, the

proce -- it's almost as if it's threatened a lot of other people because he's a kid that didn't really know how to code. all these other people above him make a lot of money. i said him in preparation for knowing i was going to see you, how many people could you fire at the company he said 1/3 of the people right now immediately don't need to be here because that's how powerful the product is do you find that to be a very similar situation a lot of other companies sometimes probably meeting some resistance from the people who don't want to fire anybody? >> well, there are certainly those that would resist, but i don't think it's about firing people i think it's about repositioning people into more meaningful roles rather than drowning in v lockups and excel. mark was spot on we bring people back to life we get them productive one of my board members said you turn every data -- [ inaudible and that's exactly what we do so

the people who no longer have to drown can go do something more meaningful for the organization. >> so you came in and you've been bombarded i read the virtual one the investor presentation. but you just did a really interesting conversation that you had november 5th, which is, you know, this is kind of a refintive street event edited but that said to me, something that did worry me, okay? it said you were asked by a guggenheim analyst about whether there was more churn you were asked about whether there is the possibility that the deals are shorter and it's taking longer because of the environment. and the analysts' questions were basically along the lines of, well, wait a second, a lot of our companies are doing incredibly well because of covid. why are some of your deals being delayed and why are they shorter? it does call into question what's going on. >> you know, listen, i think, you know, a lot of our prospects and customers have been impacted by the, you know, the pandemic

in different ways. i think one of the things that we've really tried to do is make sure we can instruct people how to leverage our platform to deliver real outcomes around the pandemic you know, important use cases like really determining, you know, how to shift medicine around the country in the most efficient way from some of our customers. and so, you know, we -- i came here for a reason, jim i mean, i'm a knuckle-dragger at heart. my -- my -- i built my career being in the details, and i think at this stage of our reality at ultrix, we have the ability to build something special. no one's really taken over when they're using our platform, the experience, that's the high watermark. we're going to build a machine around that experience so that customers can consume our innovation as efficiently and friction-free as possible, and so that they drive that speck outcomes that matter to them

and, you know, i certainly feel comfortable at this stage. it's within, you know, a few years of my joining both palo alto networks and f5 and we've got a great team i'm super excited about, you know, killing it. >> all right one last question. dean, there is a fantastic on your interview, a woman from bae. she's human resources. your product turned her into somebody who is respected beyond human resources, which is incredibly important, my daughter's in human resources. yes, respect matters, but it was done with ultrix on-prem, is that something that showed you how you have empowered people who are otherwise not empowered within their organization >> we give great flexibility and it's also flexibility across the enterprise it's not just the folks in hr. it's everyone in supply chain and analytics and the office of finance. we're actually helping all of the workers upskill themselves so that organizations around the

world can finally get access to the $15 trillion of value that is locked up in data sources sitting right around them. >> well, i want to thank you both for coming on and the empowerment should not be lost on people, especially young people, who feel a little intimidated by a process that maybe is not as good as the people who put it together think. dean stoker, congratulations co-founder, executive chairman and former ceo and mark anderson, the new ceo great to see you both. thank you. >> thanks, jim take care. >> take care. >> bye-bye (upbeat music)

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it is time, it's time for the lightning round. >> buy, buy, buy, buy, buy, buy, buy. >> sell, sell, sell. >> then the lightning round is over are you ready? jalen in florida jalen? >> booyah, jim with the incoming administration, what's the likelihood for kodak to fulfill our need for homegrown innovation in the future for vaccines >> i wouldn't bet on kodak to be that big a part in the situation. as a matter of fact, i actually think that might be a good situation to be able to ca ching and find a better one. matthew in california. >> caller: jim, thanks you for all you do and big booyah from the marines. >> wow, good work. thank you. thank you. what's going on? >> caller: my stock is blackstone group i've owned it for about two

years. time to take the profit or keep holding on >> no, no, you want to keep that running. blackstone is in a really good situation. my dad was always scared of the marines. he was in the army those guys go in first congratulations on everything you've done to your country. how about tasha in maryland? tasha? >> caller: thank you so much for having me. as a fairly new investor, i've mainly stayed away from retail stocks due to the pandemic and the impact it's had on sales earnings, however, i've been looking into best buy and i read that the company is project pentagon $projecting $50 billion by 2025 by ramping up tech offerings and venturing in the health care arena are you bullish on the best buy stock for the long term? >> i'm glad you put that in. right now i'm recommending costco and walmart i think they're more able to deal with the pandemic longer term, best buy is fantastic. and, remember, the renovation

house trade is distinctly best buy because of the great tvs they have. i love going to best buy let's go to chester in missouri. chester? >> caller: booyah, jim i know my young sailors are playing video games on their free time. after bad earnings should i be buying more? >> i'll tell you what's amazing, that that stock made it all the way back is a testament to the new management i think you can hang on to it. thank you for your service let's go to daniel in new york daniel >> caller: hey, jim. how are ya >> i'm good. how are you? >> caller: good, good. i got a two-part question for you. >> two two part. >> caller: all right you've had good things to say about amd in the past. >> oh, god, do i every. >> caller: so with ibm and amd partnering up, announced yesterday, what does this do on your opinion of amd? and then, second, will this move the needle on ibm? >> no. not the needle

by the way, lisa sue worked at ibm and i think it's a good announcement for both. it won't move the needle what will move the needle is tremendous earnings from amd and the closing of a very difficult deal that some people don't like that i think is going to be terrific nicholas in hawaii nicholas >> caller: jimmy chill pleasure talking with you, sir my question is for salesforce. is it time to initiate a quarter position. >> i was thinking about buying -- that's the way i would do it. firms have partial shares. yes, downgraded today. i think it's a good place to start a foundation and that, ladies and gentlemen, is the conclusion of the lightning round. the lightning round is sponsored by td ameritrade

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when you see chinese consumers spending $115 billion as part of the single-day consumer spending festival, that's a holiday the communists dreamed up to help move merchandise. it's natural to assume a needle

mover for any american company with big chinese exposure is here it makes sense that you want to buy the stocks, but that's the wrong approach, people when you're picking stocks what matters is the future not the past now that it's in the rear view mirror, important thing is that it gives us clues about which companies are taking share in china's booming economy, and that's something worth thinking about on a day where american stocks were just getting clobbered. okay so what happened here? we know that apple sold a ton of product that singles day, but apple's so huge that even a gigantic sales event isn't enough to move their needle. while i still think apple's worth buying, of course, that is more to do with component orders than singles day i've seen a lot of companies sell into apple and their orders are just booming we know north face sold plenty so you can buy shares of its parent company vf corp when you look at how much the stock is running, consider they just shelled out $2.1 billion for supreme, that's a cult

street wear brand. i think this is ahead of itself. by the way, levi's did well, too, but i'm a little nervous about that one under armour very big singles day as did nike under armour is a maybe. this company spent years trying to turn themselves around. looks like they're finally getting some traction. by the way, i love their sports mask you're betting they'll have a big holiday season over here as north america accounts for more than 2/3 of their sales. i bet they can pull it off, but i wouldn't really call it a china play, which brings me, brings me to the two names you need to focus on two american companies that crushed it in singles day, yes, crushed it nike and estee lauder. nike gets 18% of its business from china if they get a big bump from this made up shopping holiday, i'd expect the analysts to raise their numbers as soon as tomorrow we know the analysts love we recommending this one whenever

they can dig up a positive new data point singles day has given them exactly that as for estee lauder, the cosmetics kingpin, has a ton of chinese exposure but a lot of people don't think that. they assume it's joint at the hip to ailing mall-based distributors they pivoted away eons ago they're selling a lot of stuff through ulta beauty. we had mary dillon on last night. by the way, mary dillon says she expects to sell prestige brands and that means you're selling estee lauder china and the surrounding area, but also, by the way, the duty-free shops that are around china, say, in hong kong, that's the real opportunity, because they're much better about wearing masks than we are. wearing masks all the time can mess up your skin. enter estee lauder which moved a lot of advanced night repair skin care products for singles

day. those were the big sellers i think the earnings estimates or too low apparently they may have sold more merchandise on this made-up holiday than any other american company. and it's also the most expensive stuff that they sold and, look, every country on earth needs to get religion on masks like china and its neighbors. the virus is exploding here and in europe, but asian governments took the threat seriously and their citizens actually behaved responsibly, probably because they already had the experience of the sars epidemic now the whole world is going to be forced to wear masks, whether we like it or not. we sure hope for the vaccine but that ain't coming that fast, which means lots of people with skin problems on their face. for the longest time estee lauder's main driver was cosmetics. thanks to covid, it's skin care. it's leading the way for them and it's very profitable i bet the analysts will be all over themselves to raise the estimates and that translates to higher stock prices.

even in the lousy market we have maybe to buy something like this, estee lauder at this pace, leave it a healthy china than a weak united states. i always say there's always a bull market somewhere, and i promise to try to find it just for i'm shepard smith on cnbc and everything is going in the the wrong direction. new tough restrictions it n it's not going to be easy. what we need to do to get our families and ourselves through these next months. a record number of women elected