tv Mad Money CNBC January 12, 2021 6:00pm-7:00pm EST
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>> i don't know if brad pitt, maybe. did you catch the final score of the alabama game >> you predicted it last night on "fast money" until final trade. all right. thanks for watching. "mad money" with jim cramer ar rhtowsttsig n ""mad money"" with jim cramer starts right now. my mission is simple, to make you money i'm here to level the plays 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 other people want to make friends, i'm trying to make you money. my job is to entertain and teach you. call me at 1800-743-cnbc or tweet me @jimcramer. welcome to 2021 where brick
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houses raise the target each day and the public just laughs it up and that includes today where the dow gained 60 points and s&p advanced and nasdaq climbed 2.8% analysts each morning go into their offices or at home these days and talk to the sales forces and say listen, this is something you should pound the table on by way of emphasis. they don't say i really like it. no, no, no they say i'm going to raise my price target for the stock if they want to beat the drum for tesla stock up $38 today to $849, they will come in tomorrow and say they love something about tesla. strong chinese sales and go raising price target tesla $800 to $1,000. because the strength in the prc or with the stock of goldman sachs over $300. maybe they would say taking up gold man's price target from 300 to 360 on better trading or something. and you know what?
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it works almost every single time wall street analyst says the stock is going higher, the market proves them right there are that many bulls out there. people want to believe this is an extraordinary moment. i've been at this game for 40 -- this is unbelievable it's incredible something as price target boosts are moving stocks higher. the ultimate self-fulfilling prophesies how did we get here? it happened a year ago and covid hit and the market crashed if you go back to the big march sale off, analysts across the board believed the pandemic would take out every sector. we got gigantic estimate cuts and took a meat cleaver for a host of different sectors like the retailers, drug companies, autos, tech, travel, entertainment because with the national lockdown, it seemed like we were headed for a brutal recession. do you really want to own a
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heavy equipment stock when these are the first to get crushed you want a home builder when nobody can afford to build a new house and you want a railroad when each and every single cargo line is plummeting when a restaurant chain when the restaurants are all closed a cab company when nobody is taking cabs. all that seemed pretty logical if you go back, remember logical at the time. so all sthethese stocks got annihilated. it was a virous cycle. businesses will get soft so they have to cut price targets and when the numbers come down, the stocks fall with them but the decline didn't last because two things happened. first fed chief jay powell, steve mnuchin hammered out a plan democrats and republicans with loan guarantees and stimulus checks to help businesses stay alive while putting money in
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people's pockets this was the most effective federal response to a recession in living memory despite the warnings it would take ages to develop a vaccine, the previous record was four years for mumps. they kept saying that and mumps was easy to cure modern science got it together and did it in less than a year unbelievable in fact, moderna had the vaccine candidate ready in days. they just needed to test it. we have two that are 95% effective. nine months ago it was thought to be lucky to get 60% effective vaccine within a couple years. the result between the stimulus and the prospect of the vaccines, the recession ended almost as soon as it began there were no big bankruptcies and industries we thought would be destroyed instead of a vicious cycle down the drain, we got a quick pivot followed by a cycle higher end by the ready made price target boost that wall street is so
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good at. i'll give you examples let's start with the obvious tesla. unlike the rest of the industry, tesla sales never took a hit the chinese business came roars back because they stamped out the virus and elon musk made plans for a pickup factory austin in austin and berlin. this happened while analysts were slashing price targets but then when the stocks started coming back to life in april, it was like throwing liquid oxygen on a fire. bearish analysts were forced to raise numbers as the stocks screamed higher. yesterday tesla took a breather after neo got good news there is more room -- i mentioned it would be bought today and i think there is more room for tesla and neo and that's a reason tesla stock came roaring back at 38 points. if you're a tesla analyst with an 800 price target and you think yesterday's weakness may be the last blip down, tomorrow is the day to raise your price target to $1,100 fueling -- forget that.
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why not make a statement take it to $1200 who cares. it not just tesla. look at the banks. last spring, the group was in free fall as the fed determined interest rates would stay lows for years to come and need higher rates i come in every day and see analysts viciously banging down the price targets. but then we had a fourth quarter where trading came back to life. volatility picked up and mergers bounced back as did stock under writings, fixed income while interest rates went higher these firms are suddenly in a position to make fortunes. the problem for the analysts, estimates and price targets cut back in april, may and june are way too low. the gun shy about raising and banks start reporting late they are week but the stocks have run so much they have no choice and that's why gold mman sachs brok out above 300 and jp morgan crossed the $140 tlesh threshold
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we saw a group that looked dead on arrival when the pandemic shut down everything and the parent company of olive garden from 132 to $34 and we found out about pfizer's vaccine with the analyst price target boost caterpillar same story cat is a stock you never want to own in a normal recession. we have a fabulous bull market in housing and potential positives, oil going higher is good for cat what if china comes back online and orders machines again and democrats sweep the elections putting them in a position for infrastructu infrastructure this is not just the doubling the price of oil all those things happened and caterpillar hasn't looked back since. there is -- i don't know there is three, four days go by and someone doesn't raise the price target how about plug power this cramer uber fav just made a deal to form a joint venture
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that's the big french auto maker. in response, analysts hiked the price targets and this already red hot stock has another 22% and more in the aftermarket. if you bought plug power, my recommendation i'm giving you a recommendation to sell a little. don't forget the retailers it looked like non-essential stores were doomed for disaster but we got the vaccines sooner than expected which is how kohl's, nordstrom and macy's could be coming back with a vengeance. the next round of stimulus checks certainly will hurt very smart money managers bet the cycles would never end and shorted anything that looked forward but thanks to the circle of higher price targets followed by higher share prices, these geniuses are been blown out of the water. the bottom line, this moment is a nightmare for the bears.
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but nirvana for the bulls with the government pushing to vaccinate everyone over 65, the real baby boomer crowd including yours truly. as long as the circle of number bumps, not mumps, they care eurd that in four years keeps propelling stocks higher, you got to stick with the bull market raising numbers every day. stephno in new york. >> caller: professor cramer. i'm a long-time student and visa ticker symbol v. >> it is amazing, isn't it >> caller: yeah, the reopening stocks but recently with the ten-year hitting above 1%, visa dropped about $10 in the past week. >> let me give you my thesis. >> reporter: what is going on here >> stephon, i can get your thesis or i'll give you mine i'll opt for mine. here is the deal i think money is coming out of
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the fin tech companies people are buying the banks and selling visa i say stick with visa. i need to go to ed in new york, ed >> caller: hey, jim cramer, so great to hear your voice so happy to hear you. >> thank you. >> caller: i just know you can help me. i know you can because you always do. >> thank you. >> caller: last year at this time, last year, i bought into macy's i bought macy's stock just about $18 a share. you know, when that pandemic came, god, it went all the way down to four and i also lost the 8% dividend. i got nothing. here i am. i didn't sell nothing, jimmy i held on to it. i held on to it like a trooper and i still have it today. i see the rallying and see it went to 13 today my question to you, what do you recommend, jimmy do you recommend that i stay in just where i am, don't buy any
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more to lower the cost average or sell out now -- >> no, no, no stay where you are, donlts touch it closing more under performing stores and we have a weak dollar that could be good for travel here once we get it. i don't want you to touch macy's let's go to shimmy iflorida. >> caller: jimmy chill jim, i'm 27 and i'm calling about merck. i've had them for two years now and have bristol myers and i'm wondering if maybe i should sell out america -- >> avy or bristol myers is better than merck. i think it's clear they're doing better than merck. they have a lot of things going for them and that's just the way it is. by the way, you know what i should have added here, bed, bath and beyond. that's another in the short.
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price target, bed bath and beyond 23 goes to 30 i, too, could play the role of an analyst this is the world of the bull market where price targets propel stocks higher so you know what just go with the flow. on "mad money" tonight, with americans banned from trading so many companies, i'm investigating what it looks like and looking for a prime time to buy, i won't even tell you, i'm going off the charts to find if the stock can continue to work higher now that everyone is pronounced it dead and i'm going to sit down with the ceo of car auction services to see if this boom in the used car more keark collide with digitization and make you money. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer #madtweets or sent jim an email
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meet the new year. same as the old year so far 2021 is feeling every bit as crazy as 2020 covid is crazy but vaccines are being distributed. the whole thing feels like the most lethal clown show when we thought we could put the election behind us, angry mobs storming the capitol and the house wants to impeach the president again and for all we know, there could be more violent unrest closer to biden's inauguration in eight days the job market is deteriorating
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but wall street hopes a democratic congress will be more willing to throw money it seems like the world has gone insane but the stock market keeps chugging higher but not for the russell 2,000. if you're focussing on everything wrong, the optimism must be tough to swallow over and over again we've seen the optimism is a winning strategy and that's why i tell you in times of chaos, what i like to do is take my emotions thanks are a little ito take th equation out of the approach tonight, we're once again going off the charts with one of my -- no, with my favorite with the help of larry williams, the legendary technician trading stocks, futures and commodities since i was a kid. he wrote more than a dozen books and got important undindicatorsd best of all, the guy has a magnificent track record over the past eight months, which is why i keep going back to the
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well last april, he made the boldest call that i've ever seen at the time everyone was freaking out, hedge fund managers telling you it's the end of the world and lockdown would obliterate the economy. it all in the economy and rebound by mid may if you listen to him, it one of the greatest calls ever and at the end of the year he gave us another prediction williams looked at the patterns and called for a christmas rally. once again, he nailed it i hope you did it. many people come on twitter and tell me thank you for bringing this man's work to their attention. so what is he going forward? in terms of the broader market, williams say it important this year got off to a good start with the s and&p finishing hard. why does that matter it's history it's not emotion it history over the last 23 years when we saw this action, the first day of the year up versus three days before it means we'll have a
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strong first half and futures finished junior higher that is something to take to the bank, 88 is not idle, all right. on average stocks finish the block are a meaningful figure. if you want a broader prediction for 2021 i looked at them and they're terrific i really trade.com ist funny. i really trade.com how about specific stocks, though this is one he and i agree on and i'm very excited he feels like i do and you know it's one that a lot of people have been pronouncing dead of late particularly yes, with the vaccine and people going out the stock of amazon. look at the weekly chart the move last spring and summer. amazon spent the last few months trading sideways we want that, right? sideways it's doing nothing when this stock does nothing,
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you know what happens? people give up on it all sorts of shows and articles saying amazon is dead. amazon is dead people are getting vaccinated. i've told you that's wrong once you buy a new category, let's take the thumbnails out of the equation let's go based purely on the charts amazon has two powerful forces on the side. there is a seasonal pattern protected to the given point of the year and the seasonal pattern says amazon tends to rally from when? from january to july in other words, guess what it's time to buy right now tomorrow second and perhaps more importantly, guess what? the williams is the indicator he put together to measure
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institutional buying he says funds, and large traders have been accumulating amazon aggressively during this period of dull drums they're in there buying just like they did in late 2018 again in september of 2019 both of those times were terrific moments to buy and i just point out that both of those times were times like now where everyone is writing off amazon in short, williams thinks we have the right time, the right timing and the right players buying but wait, there is more. check out amazon's daily chart the key here is the red line which represents williams' fund mental forecast based on interest rates, see how he feels and in his view this shows us the road map of the future a general path he expects to follow and right now that's looking good isn't it? finally, williams likes to zoom out and see what the weekly cycles are projecting. take a look at the weekly chart of amazon with the long-term weekly cycle, the red line is a
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combination of three most dominant cycles into a single projecti projection the forecast for amazon is headed higher. you can say hold it, jim, i don't want to be there for that. give me a break. you're still up big for them an you don't have to screw it up. take a trade and wait to see what happens it's up. put it all together and you wouldn't be surprised if jeff bay sezos can reclaim the wealts man on earth from elon musk. when the world is a mess, your gut instants can lead you astray we have civil and not so civil unrest a pandemic spreading like wildfire and a labor market getting weaker but the stock market keeps winning we fall back on the charts and the legendary larry williams suggests this market has more room to run and may be led by amazon williams seems e commerce has more room to run and he's
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so every time some big named chinese stock sores into the strike th world, people go hunting sometimes the chinese ipos do more harm than good. right now it's neo and they just rolled out a new luxury sedan that looks great, really great it doesn't mean you can't find the next one not that easy. for years i warned you away from chinese companies that list stocks in the united states because take it as a group the performance stinks you get the big winner but odds of the finding the winner in a
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sea of losers is bad when ipos under perform, which is reason enough to approach with caution people don't talk about this but we'll get i'm p-- imperical tonight. there are accounting standards we don't have because they're not that good. every once in awhile you get a major blowup that's a massive fraud like coffee last year and i repeatedly begged our governments to crack down on chinese ipos it doesn't help the people's republic spent decades to help their companies gut our companies. that's right gut american competitors there is no reason to give them access to the capitol markets. gives them more of an edge against us our government started to take action last month congress passed the holding foreign company's accountable act or fhcaa and president trump signed it into
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law that will apply stricter scrutiny before we get into details, let me spell out first and foremost it's not like losing access is a bad deal for your portfolio. if you remember one thing, if you bet on a chinese ipos, the odds are stocked against you last year we had 253 ipos and 247 special acquisition companies but one of these raises the money of the 253 normal deals, 31 of them are chinese so that's 12% of the total and acountkoublcoc little more than 13% four of the 20 large e.st deals were lee auto and so let's go over these, li auto, l-i lufax has a stock that barely got off the ground ke holdings builds itself as zil low, auto and x paying are
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electric vehicle names those were excellent performers as they pulled back. typically when we return numbers, we find the china deals under perform. that was the cast last year but this crop was better than usual. the class of 2020 rallied 67%. wait a second, the non-chinese prip 0s are 77% and american nas up 80% the average numbers actually give this cohort way too much credit with chinese ipos you see a hand full of major autos like li auto and ke holdings but as you move away from the mega deals, the quality dete tore rates rapidly. of the 31 chinese deals, the middle performers up just 29% from the ipo price whereas the median gain was up 54%.
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that is a very, very big difference maker worse, 11 of those 31 deals are currently below the level where they came public 11 that's 35% only 24% of the non-china ipos are down from where they debuted. of the 253 stocks that came public last year, only 28 of them are down more than 25%. well guess what? nine of those are chinese ipos the best deals are roughly as good as the best american deals and much weaker performers and the worst chinese deals are incredibly bad every year we get the same total garbage deals, the worst performing ipo of 2020 phoenix tree holdings which bills itself as a disruptor technology disruptor in the urban residential real estate space. it's supposed to be a chinese rework for apartments. this thing had serious leadership issues. the co-founder and ceo had to step down a few months after the
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ipo. how do we get nonsense deals like phoenix tree? simple because chinese companies haven't had to abide by the same accounting standards as american companies that list stocks here. not that ours are necessarily the best there is a lot to be desired but much better than china in the wake of the enron scandal, there is a public company acounting oversight board. it audits auditors chinese companies can use their own orders that don't fall under the per view of u.s. regulators that brings me to the new law, holding foreign companies accountable act. they need to disclose they are not owned or controlled by their governments and need to let the public company acoucounting audt oversee it their stock can get delisted mainly, though, what this does is kick responsibility over the scc working on rules to govern
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chinese stocks so they are held as the same standards as the american stocks you might be buying whenever the scc rolls out the rules, the clock will tick chinese companies may not be able to compile which means governments will have three years to hammer something out with our government before they get d listed i'm glad our government took action bef years given we're hearing president elect biden picked gary the rigorous former head to run the securities and exchange commission will take this issue seriously. still, this process will take years and until it's finished, i recommend you avoid the chinese ipos the odds are stocked against you plus i think the next eight days could have unexpected pitfalls we know president trump is not a fan of china to say the least so i wouldn't be surprised if he gets one last jab in the new york stock exchange had to delist three stocks and the msci, the keeper of the emerging market removed them.
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all three stocks got obliterated. i'm trying to protect you. 2020 was the best year for chinese ipos and the meaningicar performed. for every big winner like neo, there are big winners like phoenix tree holdings and until new regulations into into effect and that is a process that will take years may i suggest buying these just not worth the risk. i need to go to jeff in missouri, please, jeff >> caller: hi, jim this is jeff in st. louis. >> all right >> caller: with all the controversy surrounding alibaba i wanted your opinion on jd.com. >> i came around to thinking it is a buy i'm back on the alibaba because once they located jack my, i said the pain is over. i like alibaba and jd. i feel good about them how about jacob in new york,
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jacob? >> caller: dr. cramer, long-time listener. >> that's great. >> caller: first time caller airbnb. >> airbnb. >> caller: i bought the stock on ipo day and it's had a runup since then how will they compete with legacy players like marriott, hampton and hyatt? >> this is not in the same zip code this is a disruptive technology run by an absolutely terrific management team and i will tell you, of this current crop of snow flake airbnb and door dash, i have to tell you, i think i like brian chesky and airbnb the best sure, you get the occasional big winner but your odds of finding that winner are pretty bad approach chinese ipos with caution. there is much more ""mad money"" ahead as the pandemic continues to switch the nation, demand for used cars is sky rocketing but with vaccines rolling out across
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the country. can popularity continue? we'll talk to the ceo of car auction services to find out what he's seeing and silence is golden even if nobody is paying attention to it. i'll tell you the big news you may be missing and all your cars, rapid fire in tonight's edition of the lightening round so stay with cramer. so, what should we do today? ♪
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as we come to a new year, an incredible bull market in cars especially used cars the pan dedemic forced millions aftof americans to move from the cities to the suburbs but when you leave the city, you need a car to get around. sure, you can too uber but that's waiting 20 minutes. it might as well be a less expensive used car and that's the best thing and that's why car max and more gave you options but i want to talk about another used car play that doesn't get enough attention i'm talking about k-a-r automobile accident s auction services kar used to do digital and in person auctions but since covid hit, of course they had to go 100% digital and management says
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they're never going back this increasingly feels like an analytics and technology company with an exciting story and even though the stock has more than doubled from the march lows, it is less than 14% earnings. let's take a closer look with the chairman and ceo of car auction services to get a better sense. welcome back to "mad money." >> thank you, jim. great to be with you again. >> jim, the last time i saw you, frankly, i don't know if i recognized the company from where it is now. so i want you to talk about the journey because you are a tech company that used to be an auction house. >> yes, absolutely this journey has been going on for quite awhile we decided a number of years ago, four or five years ago we needed to become a digital company. in 2019 we got to a level where we were selling 60% of our vehicles online or in a digital format and as we commended the pandemic as you said, we were
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basically shut down from doing in person auctions people weren't allowed to gather and we made to make a decision to go 100% digital and we did that, we planned on going 100% digital over the course of the next two or three years. we basically got that taken care of in the space of two or three weeks, and quite frankly, it has exceeded our expectations. it's worked out well for all constituents i would say there is no question that it's been better for the buyers, the buy et ers are getting more acc to inventory the sellers are getting access to a much, much larger buyer base 150,000 registered buyers across the country and from our standpoint a much more efficient model and much, much same e safr model. all and all it's been a win, win and our dealers and pleased and satisfied with how the digital models are performing. >> how about this acquisition of september with the backlog of
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cars did it further this? >> yes, it is an expansion of digital. you know, if you look at the dealer to dealer market, the cars being traded just between dealers, we size that market to be somewhere in the order of 12 to 15 million vehicles on an annual basis and this is a space that's very important to us and a space that we absolutely want to win going forward we had a company performing in this space in the name of trade rev and trade rev was doing well in the past years but we felt that if we really want to win this space, we need to double down and we identified backlog cars as one of the competitors we really liked the management team we liked their business model. and we got together with back lot and able to acquire that company and we doubled down and we demonstrated to our customers and our investors we're in it to win it and we feel we're in a strong position as we integrate
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these companies and go to market in 2021. >> of course, jim, when you go all digital, you don't need as many people to run this company? >> absolutely. true. >> so i'm looking at numbers that indicate your head count is reduced from 15,400 to less than 10,000 since april the gross margin should be expanding next year at this time. >> yes, and there is no question much more efficient model and we can certainly take down our labor when you're not running cars and moving cars around in the digital format that you mentioned. you know, the one thing that we will have to add back, jim, is we'll have to add back more digital talent as you become a digital company and continue to invi invi innova innovate, innovate, we will bring additional talent back into the marketplace so we can support this digital platform and all of the digital accusations that we're focused on as we go forward. >> it's remarkable you're one more company that's
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come on "mad money" with a very traditional in someways, we thought, best way to do business because in the technology, you got a much better way to do business. >> digital is the way of the future no different for our company and some of the companies that you mentioned in eterms of retailers you're seeing them have great success, as well and we're no different and we've certainly pleased with the decision that we made and as you said and i'll repeat, we have no intentions of going backwards. >> wow incredible story thank you so much to jim, chairman and ceo of car auction services great to see you again, sir. >> good to see you, jim, thank you, sir. >> 14 times earnings with a much better model and year over year comparisons will be terrific "mad money" is back after the break.
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i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t.
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it is time, it is time for the lightning round. buy, buy, buy, sell, sell, sell. and then the lightenining round over are you ready, ski daddy >> caller: it's the chill man in the house. >> you bet it in speaking of, what's up >> caller: i got to thank you real quick, man, because of your hard work, we're making some good money together. >> that's what i want to hear. >> caller: hey, look, third time
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calling in, who is fair gaming is it time to jump back into the stock here >> no, it just went to 41. i don't know i liked it in the 20s. i liked it in the 30s. i don't want to have -- i don't want to recommend it right here because i just got a double so i'll say please wait until the company is down. i need to go to dexter in california, dexter >> caller: jimmy chill, how are you, sir >> shaking what's happening >> caller: i'm looking for guidance and i know you can give me some wisdom. >> okay. >> caller: jim, this company was a high flying.com 20 years ago that reinvented itself as of late surprisingly, august of last year they spent over a billion dollars purchasing bit coin much more than now and the primary treasury reserve i'm looking for the best of bit coin and -- >> it's a getter during the.com. what can i say
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i'm not fighting michael on this too much -- he's rubbing shoulders with too many people that love bit coin i bless the idea if you want to have a bit coin great game you probably do want to play micro strategy wayne? >> caller: jimmy chill, how are you, my friend >> chill is shaking. how about you? >> caller: i'm doing fantastic, thanks a large position in a small biotech company, i bought shares at $ $6 is cat thoukathy wood the mvp >> kathy woods, will you please come on the show i've read about you in every single look. i was reading warren piece at page 386 this is another one she likes. the magic mitis and not king
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mitis but queen mitis. yes, i'm not going to get in the way of it because engineering is the way of the future. chris in new jersey, chris >> caller: hey, jim, what's going on, bro? >> i don't know. i'm chilling what's happening with you? >> caller: boo-yah cool i got into the stock that came out in august ipoed and up 150% since another speaking on thursday what do i do do i hold it or buy more >> israeli company, fast growing, no earnings please be careful. please, please be careful. a little off the table wouldn't be a bad thing how about amena from new york? amena? >> caller: hi, cramer. boo-yah from the bronx new york. >> bronx, almost took a backseat up your way. what's going on? >> caller: i'm calling about
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fiat chrysler automotive -- >> i'll make it easy for you buy, buy, buy, buy that is such a well run company, had are remash srkable run kyle in connecticut, kyle? >> caller: boo-yah, cramer. >> boo-yah cookie, what's happening? >> caller: hey, man, calling about kodak. they took a big 700 -- the 700 million getting into the pharmaceuticals. it's hovering $6, $8 what do you think? >> i don't know. what's the kid thinking in the background the kid sounds like she doesn't like it. i'll agree with her. i'd sell mark in pennsylvania, mark >> caller: boo-yah jimmy >> man, i like your attitude what's happening you must be from philadelphia. >> caller: i'm a rookie trader and i like your show and i have
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a two-part question i'd like to ask starting with apple. ever since the split, the stock doesn't seem to be doing anything should i buy, sell or hold >> that's unfair the best performer, best -- one of the greatest performers of all year it's been remarkable you know what? it's a stock that goes and goes and goes and stops and goes and goes it's fueling station right now i like -- i actually have a theory about apple i would own it, not trade it and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by t.d. ameritrade. california phones offers free specialized phones... like cordless phones,
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science is golden, that's how i feel about this, it been totally overshadowed i believe in a time and so-called post truth and it's so thick that it coats everything with toxic waste and we keep getting cancelled but not everything is subject, some things are objectively true things like the victories we keep hearing from this health care conference from this ceos
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doing their presentations. why don't we start with eli lilly, the drugs they have maybe a great interview with the ceo, this thing is slow, the onset on alzheimer's. take of alzheimer's as the great white whale of the pharmaceutical industry. everyone wants to take it down they have an antibody treatment since that caused a 32% deceleration of the rate of decline. the plaques associated with alzheimer's disappeared. this is miraculous and stunning. frankly, if this story came out any other time, it would have led "the new york times. t two-column banner but because it came out in the time of turmoil, this data got squibbed yes, i know him from
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philadelphia i don't care at least there is a comparison about 50 million people suffered from dementia worldwide. 10 million new diagnosises each year alzheimer's causes 60 to 70% of those cases. that's why so many big fapharma executives spent millions trying to beat it frustration. everything failed. these days few companies even bother although it is one of the biggest unmet needs out there and eli lilly may have an incredible breakthrough. silence was golden people shrugged shoulders. how about vaccines we know about vaccines we know they are cat yachaoticay distributing finding 50 ways to drop the ball. there is no federal plan to get a needle in your arm because for some reason the president wanted to leave it up to the states we don't know why he wanted to do that. they have no idea what they are doing and no budget to do it today pfizer upped the production numbers looks like they can make 2 billion doses this year. if our country's distribution
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system wasn't so god awful, we would be cheering the science. instead, nobody cares because the logistic nightmare means they will sit on a shelf until they go bad. metronic has a device to knock out hypertension, leading cause of death in america. it can monitor your blood pressure and tell you how to keep it at the right level there is never anything like this nobody thought a device like this was even possible too many false positives and things that could go wrong they figured it out and once again, nobody cared. meanwhile, bristol myers is applying a new drug application for an experimental heart drug that could prevent many cases of heart failure. heart failure ends in death. what a market. huge what are people saying nothing. i could go on and on at a time of national times, these are ignored by the media fortunately for you, that's creating great buying
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opportunities as long as you know about them. science is indeed golden but i won't let it be silent anymore we need something to cheer about. eureka, i think i've got it. i like to say there is always a bull market somewhere and i promise to find it here" the "the news with shepard smith" starts right now. two prominent republicans announced they will vote to impeach and reports of new rumblings from the senate majority leader. i'm shepard smith. this is the news on cnbc >> it was chilling, yes, it was terrifying. >> lawmakers describ three terrifying plots to overthrow the u.s. government, including plans to kill democrats and place republicans in charge. >> can you imagine any other president doing what this president did? . >> congress set to vote to remove the president, using a 25th amendment
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