tv Mad Money CNBC January 8, 2021 6:00pm-7:00pm EST
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final call carter >> john deere, too far too fast. sell >> tony? >> love luv, buy call spread >> mike? >> diagona 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 cramer-america i am trying to make friends but trying to make you some money. my job is not only to entertain you but to teach you, call me at 1-800-743-cnbc or tweet me @jim
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cramer non-pharm payroll down most expected increase s&p 5% and the nasdaq gained an amazing 1.03%. maybe the market saw this week is coming? how could we have jobs growth running. unfortunately we are doing a poor job distributing the vaccine that you can't exec to rebound soon every disappointing jobs number like this one makes it more likely to get another round of st stimulus checks. a host of commodity keeps going higher we got mass unemployment thanks to the increasingly dead lipan
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democratic when you combine with a slow economy, you get a situation where stock, yes, i know this term is old, they're the only game in town that means you will get some prolong moves higher like the incredible run in tesla. another 8% today to another new high as one analyst after another concedes that the company is doing better than expected and as the s&p 500 index funds are forced to buy the darn thing at ever higher prices, thanks to its inclusion of index, tesla keeps ongoing higher umbrel i can't blame anyone trying to find the next tesla here a burden hand is worth two in the bush
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now when the economy is down, the hedge fund play book says you need to buy the growth stocks i keep on hearing hedge funds managers say it is time to dump growth because the economy is accelerating i don't see that if there is a gross stock that's doing well where the environment is on a verge of a national light lockdown for haven's sake, i want to know about it we are doing a deep dive into the month. that's the jp morgan healthcare's game plan we'll have lisa gil, she's the host on our show tonight you will hear a lot of great gross stories that don't need as strong economy on monday, i want to hear what crystal meyers had to say of the drug and we'll hear from j&j and moderna and regeneron. will j&j vaccines' sooner than
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expected and why are doctors prescribing it if j&j got some good news from the vaccine front, we'll hear from it there. we'll get insights from emerging bio systems. we know they have business with j&j. maybe they're sitting on a billion doses or just waiting on the thumbs up with the fda, who knows? there is the other huge conference next week, ces, the consumer electronics show, interested in a keynote from amd presenting on tuesday morning. microsoft on wednesday morning what do i want to hear i want to hear about their p.c. engagement business. microsoft we want to know about
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everything you know i like both of them a great deal kb home's report on tuesday. people fleeing the cities for the suburbs because of the pandemic kb home is a big part of california that people are moving to and thenit is back t the jp morgan healthcare, this time to hear pfizer and cvs talk about many things including the vaccine. i would not be surprised if pfizer can roll out more doses than expect it and cvs is ready to administer them from all 10,000 stores as soon as the government gets their act together we need to know it is protected which is now or two years from now of their largest drug. let's see what people say. on wednesday, walgreens will give us a bigger picture on vaccine distribution we also want to hear about what
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american da had to say on thursday president-elect biden will trade out his stimulus plan. that'll be a major market mover. biden wants to avoid a double dip session. today says that means throwing money at the economy until we beat the pandemic and everything gets back on track on thursday we hear from the most important semiconductor company out there that we don't talk about, taiwan siem delta also shoots straight, they'll give us a status report when they announce their earnings i know there is a constant
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we hear from aphria on thursday, too. i expect the century prospect. finally earnings season kicks off on friday with the major banks and that's jp morgan and wel we wells fargo. if the economy is about to improve and the vaccines are coming and washington will pass more stimulus then these banks can represent decent investment the next nfew quarters with biden, we are interested in what biden says. when earnings season begins in earnest, it will be profits that we want to know about and not
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politics i want to go to tom in new york. >> jim, how are you tonight? >> i am doing well >> how about you, tom? >> doing great >> to have a really good reaction to their earnings report and the next week going up and down and sideways and down 7% or 8% or 9%, what's happening there? >> i am glad you asked it and veeva is a good quarter. there are a lot of shorts in there. for trade, the stocks moved up, it can't continue this 100 times per earnings it does not blow up and it does a good job they cover that and the temporary spike. i call it flop it and chop it until the next quarter that's the way veeva trades.
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let's go to david myles. >> booyah, jim, go birds >> where are they going? >> hopefully to the super bowl i am sure you heard of this. it just performed its chain today while getting a $20 target at bank of america not in the 100s or above 50 yet. we should be in the 30s. i got to know. are you bullish or bearish >> i was bullish about it. these things are so hard to follow it did have the big spike in december you are absolutely right i buy it is very, very good. you know what happens is that they go up big and then they work their way down to a level that's a little more reasonable. i don't think we are there yet but we could be very, very close and we know that the chairman is a much loved figure on cnbc.
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>> josh in new york. >> jim, so happy to have you this week. >> yeah, i had to spend time with the family, it has been a long time and i was getting a little crazy, too. what's going on? >> yeah, i am calling about perrigo. what do i do with perrigo. >> but, at the same time they're about to speak, why don't we listen to what they have to say and that's a much more considered judgment than to say here is what i think they may say. thank you for the call though. president-elect biden will be the real focus next week when he comes up and tells you about the
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stimulus package but, profits are going to be starting to be the major part of this discussion on friday. "mad money," i got to talk with the ceo of micron. the jp morgan healthcare is going virtual. with more people focusing on healthcare space we got an early look as i just mentioned of the perrigo caller and see what they have to say. stay with cramer >> don't miss a second of "mad money," follow @jim cramer on twitter. have a question? tweet cramer, #madtwits, send jim an e-mail at madmoney.cnbc.com or give us a
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what in the world happened to stocks of micron. this stock has more than doubled from the march's lows. could it got ahead of itself last time micron put a blow-out quarter. their stocks hitting a new 20-year high so what's the story here micron's stock just came in a little too hot and the last couple of months leading to this quarter, the stock went from 55
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to 79. i think it got more upside but don't take it from me, let's go to sanjay, the president and ceo of micron for more of this magnificent quarter, sanjay, welcome back to "mad money." >> good to be on your show happy new year >> happy new year to you the micron we all know has great secular growing companies both software and hardware because of the brain inside your chips. the story is different we have a gross story that's going to transcend the economy >> absolutely. we are excited about the market and the opportunity that rewith seeing if you look at our 5g cloud and
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micron memory and storage is critical for these applications. for the first itime of the history of the company, micron is leading in technology we are excited about 2021 and post covid, synchronized expansion of the global economy is going to continue well into 2022 as well i believe we are nearpositionedr growths ahead and when you look at the industry in terms of supply it is having tightness in the market >> i am glad you brought it up because today ford came out and said they'll be hurt a little bit and other companies in japan said that. that's not you that's causing
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the problem at ford and these other autos, right >> that's right, we do have certain shortages that's billing up for memory itself my kron micron is advancement of technology in the fiscal first half and 2021 year so we definitely with respect to our own supplies and yes, it is tightness building up in the end markets with respect to certain memory component >> okay, now last time you were on, you came here and you said that there was going to be a major multi-move and you and i discussed on air the idea that you can't wait until it has dropped if you want to buy the
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stock. uh- uh- you still want to and you said it on the call but have the stocks gotten too high to buy? >> we are still in the early memory and storage if you look at it, it is growing faster than the rest of the semiconductor industry in the year 2000, memory and storage presented at 10% it is now at 30% in the next decade, it will be the fastest of the semiconductor industry this is exciting ahead my kr micron is transforming itself as their product. we believe a tremendous support for micron in terms of growing our power and our product leadership if you look at when we announced our stock buy back program in
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2019 since then we generated about 4.6 billion cash flow and we invested in stock buy back. we are committed on and on in the future as well the desk stock is a good value and at least 50% of the free cash flow we continue to commit for a stock buy back >> we have seen the boom and the bust, we have seen too much capacity come ies come on at th. some of it is the demand is so great that i don't think it is going to be boom bust. that was not what happened this time it was the applications for your chips that are so high-end and specialized, we got to get away
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from calling you >> one has to look at the long-term trajectory you are absolutely correct in terms of the long-term trajectory, the value that memory and storage solutions are delivering in terms of a.i. and machine learning which are requiring more and more processing of data this is where our solutions which are built on tremendous property, my kricron has more t 40 years of expertise. yes, we are absolutely in a sweet spot of the market trends and we are very well-positioned to have this done and focused and shaping its solutions and creating values for our customers.
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t memory and storage is as a key value in terms of delivering for our customers. >> congratulations for everything you have done and being right up front for what's going to happen. thank you so much, president and ceo of micron. thank you so much. thank you, jim >> what can i say? i think it is going to go maybe yes, to $100 >> "mad money" is back nature's bounty unleashes something exciting. say hello to a drug-free way to ease stress.
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a mid afternoon hit. there is one thing i would be worried about. supply is a nemesis of a bull market last night i told you the averages won't stop chugging higher as long as we get more buyers and sellers one reason, we got kind of a stock shortage between all the people parking their money at index funds. those hardly ever sells. there is not enough stocks going around if there is any guide and it usually is that's bad news for the market where are these shares coming from we had a bunch of big ipos last year and their lock up on inside selling are starting to expire
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we had all the start-ups listing their stocks with special purpose acquisition companies and their lock is coming to an end, too take lemonade, the newly public company disrupting the insurance industry and fubo. they became public a few months ago. lemonade pulled back hard and quickly roaring back the darn thing made a new high yesterday and i am glad we repeated the recommended but fubo tv is a different stock it traded at $10 in october. right before christmas then the lock up expired and the stock went into a free-fall plummeting
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into 27. meanwhile snow flake, the fabulous data warehouse play, that had the third largest ipo of 2020. it recently had their second of three lock-ups come to an ends this is an incredible business of course we got all these special purpose deals. these are complicated. as more shares get registered, their stocks tend to get hurt even though the language is cumbersome and the actual disclosure can fool you. why don't we take them one by one starting with one of our favorites, lemonade. we spoke to them in november when this stock was trading 58 and since then it surged to $106 we liked it. there has been some major turbulence along the way
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it shot up to 137 right before christmas and plummeted 14%, something's wrong with the company? no lemonade only listed and only had traded 11 million shares and ipo. 15 millions of those shares early and $30 million more in december now wall street expected the stock to get hurt by a flood of insider selling. an unexpected positive, very strong article that superipurre. if you own the stock, you dodged the bullet i think you should take it off the table. now, next up is fubotv
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it is a streaming platform that competes with slingand youtube tv it is $60 a month that helps sports carriers of everything they like on cable including games. fubotv uplifting in a real exchange that happened in october joining the new york stock exchange selling 8.3 million shares last month it had a surreal move rallying 135% in a singl for giving up all those gains and more and losing streaks. some expecting short sellers are gutting for fubotv 80 millions of the company's share came from lockup
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it was the actual amount of shares of trade. fubotv is becoming a battle sale my view? you got to stay from a battleground like this i don't know which side is right. i do know it does not worth the stress either way. what i am trying to do with this piece is explain to you that there is the company and there is the stock and sometimes there is too much supply now, let's talk another one where i think the company is amazing. sn snowflake. the lock up on insider selling is ending. the first of 11.3 million shares hit on december 15th and the
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second is 40 million shares hit yesterday morning. the first lockup increase by 0%. the big one is coming in late march when 264 million shares become eligible for shares i am the biggest believer on owning snowflake on the streets. the final lockup represents a hu huge over hang i would like you to buy some of it now because i like it there are so much stocks for sale finally what about the spac? i want you to take quantumscape. i was getting nervous of this valuation. it was $132. we got a series of filings resulting in some terrifying
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head lielines and the stock collapsed because of the headlines. quantumscape created hundreds of millions of shares on paper it looks like they're about to sell 300 million shares but in reality they didn't sell anything it was just formality. i like this one at this level. here is the bottom line. as 2021 gets rolling, i need you to be aware of lockup expirations. a wave of insider selling can be devastating like we saw this one, fubotv.
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i like to pronounce it fubo just to keep it in my head because i am a moron lemonade i think it is attempting i watch the green bay packers win on this thing. anyway, there i am mark in illinois >> booyah, this is mark from illinois >> my question is frog jfrog. >> back in september, got red hot. you suggested pull back in the low 60s which is where it is now. an ipo lockup coming up in march, are you a buyer >> it is a terrific buyer. it is the same way i feel about
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snowflake. lockup expirations more than actual fundamentals at times can be devastating you need to keep your eyes on them and i will keep pringibrini to you i am talking with lisa gil, all things healthcare ahead of the healthcare conference which this year is done virtually i am a believer, a hydrogen believer, i will tell you why i think plug power can make it happen and tonight's edition of "the lightning round" so stay with cramer
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the page has already been empty. now we'll send it back to "mad money" and jim cramer. a little preview of this conference, miss gil, welcome back to "mad money." >> thank you very much, jim, for having me. this is my favorite interview every year and i am so incredibly sad that we are not sitting together in the studio >> i know. this year is a very special
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conference and this year is virtual. >> it is >> there are so many companies are at the cusp trying to help us beat the pandemic everyone of them is speaking at your conference. >> that's a lot of companies you are asking me about. we are hosting a vaccine panel on wednesday with pfizer, moderna and head of operation warp speed so i think there will be a lot of vaccine talk and as far as j&j goes, i don't anticipate that iyou will hear them talk about getting approval next week that's a stock covered by our analyst, he believes it won't be that material for them but they should get that material at some point in february. >> that's not bad.
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more viles into people's arms is good news. >> you just think there is more to go. >> we do the first time i came on your show in 2019, i named it my small cap name and last year is mid c mid-cap and this year is phenomenal management team and putting together all the pieces. i think the pandemic taught us that we are not going back from virtual healthcare if you think of the platform they are building, and they're able toput together, that puts them at the forefront to be able to deliver overall primary care and with chronic diseases. >> when i look at that company in the way it was put together, i think it may be that the
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transformation al company of our time the nutrition came to my house and you hadto go to the clinic where a lot of people were sick around me. i didn't want to do anymore. i had to bring my kids to places where people got sick. is thatover? >> it is over. for the follow-up, we scheduled it for eight weeks later and it will be virtual at 5:00 p.m. when you think of surgery, we hear from different big hospitals that the first time you may see your surgeon is on the operating table. you will do a virtual consult and we'll send you out for all the cognitives whether it is lab tests or mri or whatever it is and you will meet the surgeon on the day of surgery it is more virtual and especially during the pandemic >> i can't agree with you more
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cvs, the new ceo is doing a lot. walk us through it >> i have liked cvs for a long time i am a big lynch. she will be a ceo of a large healthcare company i think that's incredibly important. her strategy, she came from the aetna side and this is really the final transformation i have to give larry credit though, he did a phenomenal job doing away with cigarettes and embarking the energy and buying aetna. not everything can be done virtually and the vaccine being done in that environment and elderly coming in and having that relationship with their pharmacists and managing the
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population we have talked about it for years of the corner of healthcare and consumers >> 10,000 stores and i know i live inner s in new jersey i am getting my vaccines from cvs and many others, too and they'll be shopping. you are not going in and out >> absolutely. you will start to think about cvs as your healthcare destination, right now maybe the next time you start thinking of things like shingles shot, you think of your flu vaccination for next year and other immunizations and maybe i should have my blood checked more on an annual basis. a little bit more for walgreens because they're less diversify and more for somebody like cvs,
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they're smaller and big impact for them >> you did not mention amazon. >> it is kind of fun like that i don't think we'll have it shipped by amazon. >> i wish you the best of luck for the most exciting conference of the year. it is sad that we are not allowed in san francisco, meeting all those great companies. you run a terrific conference. great to see you, lisa gill. >> great to see you. >> thank you so much jim >> "mad money" will be back after the break. tasha, did you know geico could save you hundreds on car insurance and a whole lot more? hmm. so what are you waiting for? hip hop group tag team to help you plan dessert?
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>> are you ready i am starting with paul in georgia. >> hey, jim, booyah from georgia. >> what's going on there >> i want to thank you for you will you do for the individual investors. really appreciate it >> thank you very much, thank you for saying that. >> absolutely, jim my question is mgni. they announced partnership with the trade debt and hulu and disney >> i saw they did that i thought the company was interesting and i have been a
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huge fan i think we have to do battleground piece let's put that one to work rather than me telling you hey i like one more than the other how about paul in california >> booyah. paul from long beach how are you doing? >> all right, how about you? >> doing good. i am taum abocalling about the that you introduced to me in august i am adding my condition on the disk what's your take on growth generation >> how controversy is this i did a piece on the next day and on it again saying i think you had to buy it and then it exploded so now it is tripled when you do a triple, what do you have to do you have to do a little sniff. you take a little off the table. david in michigan, david >> question, i bought john deere and now at $300.
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should i keep it >> you have to take some of your cost spaces out. i think deere is going higher and let me throw in mosaic it goes higher let's go to mike in california mike, where is mike? >> hey, jim. this is mike many californiin c. i have a question on apt stock what did you think of that >> i have no interest in that one. let's go to jill in oklahoma >> hi jim, sooners booyah! >> sooners go! >> my question is, should i be a buyer of alibaba on the current weakness in the stock? >> yes, i had the same
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discussion with really with jeff marks and zeid i think we have to buy it. we have been tossing around and tossing arnound may case is yes, you should buy it ladies and gentlemen, that's the conclusion of "the lightning round. >> the lightning round is >> the lightning round is sponsored by t.d. ameritrade 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. ♪ but before we sign i gotta ask... sure, anything. we searched you online and maybe you can explain this?
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imagine that, the first time i used a cell phone was back in the '80s this thing was the size and weight of a car battery. we used to call them bricks and if anything that was being generous for years i laughed at the notion that cell phones would ever catch on. the range was very short you had to stop at a bridge to get good reception and it seems like the dumbest and most expensive time and verses shelling out a quarter to use a pay phone. >> i gave up on that a few years later, you are
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basically there. when i was giving up on the old car battery sized cell phone, there were true believers, people who work to make technology practical dreamers like andy marsh you know what andy marsh does now? he runs plug power and dedicated to make hydrogen cells you want to get rid of emissions on cars and trucks he didn't have much to show for. sure, he was able to get a small group of companies using hydrogen power and forklifts but the technology is viable as those early brick cell phones. years after years the technology is getting better and better and plug power when there is so much
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demand for the device. they can manufacture it. plug power brought in some top customers and walmart and amazon there is still one major problem, green hydrogen and turning off the fossil fuel. that's how plug power stock has been able to surge $3 to $52 a year earlier this week the company got a $1.5 billion investment on sk group they're forming a joint venture to push hydrogen power in east asia south korea alone having fuel powered vehicles sk group went with plug power. i know not everyone is as fan. elon musk, a world's richest man
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d d dismissed of fuel cells. overtime plug power is getting closer and closer to the hand held moment and andy marsh helped honestly it is incredibly that no fossil fuel company have snatched this up and putting hydrogen pumps at their gas stations plug power needed money for years and years. now thanks to investment of sk dpr group, they don't need the money. technology keeps improving and every time they scale up, it gets cheaper for years i was a hydrogen sk skeptic and i was right to be. the industry never seemed to make any progress. now the price of energy to make it has gone down i am a hydrogen believer if you want a piece of this one at this point, i think you have
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to wait to pull back it is going to take years for the sister tory to play out even if you are a bull i would like to say 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 you monday the news with shepard smith starts now tweet this president trump banned for life. i'm shepard smith. this is the news on cnbc >> an unhinged president >> what he did was wicked. >> bipartisan agreement, the president went too far democrats push fast to impeach but is there the political will on both sides of the aisle the american flag lowered, and a federal investigation opened after the death of a police officer, attacked during the capitol riot conservatives and republican lawmaker
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