tv Mad Money CNBC January 13, 2021 6:00pm-7:00pm EST
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that hardon trade. i know you've be watching it >> it's unbelievable >> unbelievable. i think that sort of -- that really captures it i agree with that. james, welcome to brooklyn i know you're a "fast money" fan. lamb search 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 other people want to make friends, i'm just trying to make you some money my job is not just to entertain but educate and teach you so-call me at 1-800-743-cnbc or tweet me @jimcramer. today the dow dipped eight points and the nasdaq ga
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gained .43%. unfortunately, the vaccination process is a lot more complicated than you think i'm not talking about getting the actual shot. i got mine done today painless on time. sweet people little post jab, cooling off period and back to work. granted, i had a colleague heather gains refresh the pages until a spot opened up at 12:45 p.m. in staten island but at least in new york, it's feeling like somewhat getting our act together make mine moderna, two shots please and the house this afternoon impeaching the president for a second time, something that's worrisome after what happened last wednesday and the inauguration where we know anything can happen. you see, the trump white house has cooked up a ridiculous method of shipping the vaccines from the factory to the distributor to the state facility and from there every state needs to figure it out on its own. there are too many steps
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the states for the most part don't know what they're doing and that's why we administered less than a third of the 22 million doses distributed and there is millions behind it. our scientists have done so much the moderna vaccine, the pfizer vaccine, the one shot j and j is working on is easier to produce and works almost as well in theory, we could have the vaccine glut once the second quarter occurs if j and j gets approved all that is being wasted because the feds don't have a real plan. still, as i waited for my shot today, i kept thinking how that could be about a change. if president elect biden puts his mind to it, we could have the military still revered insti institution distributing vaccines in every high school in america. that's what they did for poll owe polio when i was a kid the whole country could be
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vaccinated as soon as there is enough supply. i know this is ""mad money", not "mad health" but when you hear the jubilation after people got the shot, you realize there are two polar opposite worlds in this country there is anger, divisive, violence, we saw that last week and the happy go lucky world we finally beat covid we go back to normal my trip to staten island was an epiphany for me. let me tell you what this would could be like and more people get vaccinated you hear a lot about a vaccine shortage but we don't have a shortage we only have a supply chain problem. the shortage is a canard when the mayor of new york talks about not having enough doses as he did the other day, not that the doses don't exist. the ceo of pfizer said they have millions and millions of them. we're just not doing anything
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with them. i want to give them to the military, but the military is busy right now they aren't being ordered to get the vaccines out it almost seems like they're more worried about ensuring a peaceful transfer of power given what the fbi is talking about. we don't want last week to reemerge we haven't seen a situation this dangerous since the civil war. how convenient to fly those confederate flags in the capitol the other day. every day the craziness plays out in washington, we actually find more good stocks worth buying we hold our noses and buy. that makes sense given the elation as people left a little white vaccine tent i went to in staten island, a little bit of america. america that we like america that we really like. look, i'm not saying happy days are here again not when we're worried about an attack on inauguration and so few people have been vaccinated and i'm
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lucky and you may not be but i'm hopeful that as more people get vaccinated and you get lucky, everything gets easier and cities come roaring back to life i believe that will happen also, just to make one thing clear, i did not jump the line as so many accused me. i got the vaccine because despite appearance, i'm 65 and it was my turn, at least in new york and i do feel very lucky, especially given the rapid spread and new more transmissible strain that is coming and many places is here the clock is ticking it's not too late for the federal government to get it right and i know i have one more to go before i can think about being immunized. february 10 and then you have to wait two weeks before you're really in nirvana. still, i'm half way there and that's given me hope that's not the reason i feel upbeat about the market. yes, i'm choosing to be happy in celebration because i never thought this day would come. but first, let's start there
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let's start with science and ingenuity. a year ago this week, i was around the j.p. morgan health care conference and bumped into a nice guy, i don't know how to pronounce his name, stephon, stphan he told me about crunching numbers for a vaccine using rna technology and going over my head and moderna, i thought a town in italy. it sounded pretty darn good. he ran this commpany and it had about a $20 stock. i sat down i listened, talked, i recommended it to you. seemed like we were working on the biggest breakthrough since we beat polio. fast forward a year. i'm getting jabbed in the arm with what? this guy's covid vaccine the ceo of intel lost his job not long after being promoted from the spot. the board replaced him with a
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good intel hand and it could be good as much as intel needs a change, what matters here is you're getting a chance to buy intel's more agile down more than $3 for something that may not even happen, a turn at intel within the next three years hey, a good job but intel doesn't really need an old intel hand it needs someone new, young, hungry who can shake up the culture if not blow it up entirely short of that, i'd much rather buy the stock of a company beating intel to a pulp amd under the incredible leadership, they have went from a semi conductor always second fiddle to intel to being the one that makes better chips and look out if nvidia is allowed to buy armed holdings that could be second tier status third, i want to solute another one. i want to sole lewute plug power on october 26th when everyone
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was doubting this but i liked it, we spoke to the ceo andy marsh. he told us about the future of hydrogen power and said it's now. marsha worked for years to get to this moment where cells were about to go commercial he used to work in the cell phone industry and said hydrogen is approaching the tipping point. the technology was unwelding and thanks to innovation and increased scale. well, cell phones, indispensable. marsh said the same thing would happen now with hydrogen fuel cells. now? now. he said the same thing was true for cell phones. i said it i'm panpractical given the fact plug power is at 69, it's clear he was light. in two weeks the company got a $1.5 billion infusion from sk group, third largest company they didn't need the money but got it and signed a joint
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venture to build hydrogen powers vehicles and fueling stations and production starting next year all they need is a deal with integrated oil like bp to get infrastructure all over the place but maybe the oils get left behind because they don't get the program. listen, it took moderna a full year and they had a lot of help from the pandemic. plug power has gone from 14 to 69 in less than three months these two stocks say it all for this stock market. the bottom line, rather than dwell on the negativity in the nation's capitol and about the impeachment many people can go on and on about and there is a lot to feel about about what is happening in washington, i'd rather foe focus on ingenuity and opportunity and good news. tough to find in washington on a night of inpempeachment but the are all over the place in this stock market, let's go to devin in new jersey. >> caller: hey, jim. nice to meet you.
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>> nice to meet you. >> caller: i was looking into the futures of different social media plat forms, specifically for option calls the main platforms i had my eye on are twitter, facebook and snap so my main question is if this is the right time to buy these calls? thanks, jim. >> thanks for that the order, the pecking order, first buy facebook numbers are great and stocks are down with political stuff. don't worry about it it killer. it's a great deal. snap is loved. twitter, i saw it upgrade today but i thought it didn't have a lot of meat on the bones it needs support and entertainment so those are the orders let's go to mark in new jersey, mark >> caller: oh, hi, jim, thanks for taking my call. >> of course >> caller: i just had a question about dupont stock ticker dd. >> yes. >> caller: i just received an offer to exchange a tender of dupont shares for international flavors and -- >> you want to keep dupont he did 15 minutes.
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jeff marks on a call that i did last week for actionalertsplus.com, our club call we went over this. it's a very complicated story but the conclusion is keep the dupont stock down 3% today. don't worry about it going higher sue in louisiana, sue? >> hello, jim. >> hi, sue. >> caller: hi. my question is about ticker symbol olli. i purchased this stock after i shopped at one of their stores they had long lines, great bargains i went home and bought their stock, and given the recent stimulus money and the fact they continue to open new stores, is this a good stock -- >> yes, it is. the late mark butler when he passed away, the founder, i got cold feet about the stock. i should have listened more to matthew boss who is j.p. morgan retail this is one that's a winner. by the way, can i say the whole
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segment is doing well? dollar tree is doing well. dollar general is doing well and all great questions and thank you so much. i can throw my lot in with the negativity it's so easy i'm not. not with this. my first half of what is going to bring us back in this country. i'm talking about ingenuity and opportunity. i'm choosing them over gloom and doom. on "mad money" tonight, nothing seems to generate more excitement than electric vehicles and speaks. what do we do? bring them on. it's what you want then last year at the jp morgan health care conference, i sat down with christian for the first interview as the ceo after an unprecedented first year on the job, thanks to covid and also because she's real good i'm circling back to see how he helped the company up 22% and regardless what is happening in washington, it's now as i've been saying a stock picker's market t.g. therapeutics seven much
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higher when we had them last on and mike wise is doing a fabulous job stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter we 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 dmeynbcomaon.cc.m.
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with special purpose acquisition companies, spaca my favorite is lion electric heavy view duty trucks and school buses that signed a deal to supply amazon logistics like so many others, they are not some early staged story that won't have a product for years they're making these trucks and buses now. they are joining forces with northern genesis accusation corp that should close in the coming months they trade under nga but once they merge, they will take lion electric's name and the ticker will change to lev i want you to be prepared so let's take a closer look with mark, he's the founder and ceo of the lion electric company to learn more about his company and where it's headed, mark, welcome to "mad money." >> hey, jim, how are you >> people say a picture is worth a thousand words what is that thing behind you?
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>> yeah, this is lion 8 electric truck that just rolled off the manufacturing facility, so when you see you might have an idea where this is going. >> let me ask you, this is not some prototype you're going to push down some hill, are you [ laughter ] >> no, this is a real one. real one. >> so how have you had such success selling these things when a lot of other people basically are dreaming of it and then coming to wall street and selling the idea you're actually selling the trucks and the buses how are you so far ahead of the everybody else >> well, we started 12 years ago, jim some people aresaying lion is an overnight success 12 years into the making. and it makes a lot of sense. we've been working so hard, so hard throughout, you know, all of those years most of the type, you know,
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without just under the radar screen and investing, you know, all the money we could into the development of the product and here we are. people are been buying for them 12 years. >> people not only want a bargain but cleaner air. tell us about the case study. >> you're absolutely right the total cost of ownership works well with all of our trucks and a very good champ because this is all electric buddy sitting on all electric truck. everything is fully electric and then you can do the full day of operation without having to recharge during the day, and this is why, i mean, you know, we got an order from ways connections and now we're in negotiation with many, many fleet operators. >> well, i know it's sometimes
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difficult to talk about individual customers but amazon is so committed to lowering its carbon footprint and they are looking to you to do that at large. how is the relationship? >> it's a great relationship i mean, obviously, having this relationship with amazon is awesome, and yes, you're right we have an agreement with them for the delivery of up to 2500 units over the next five years and it's a maximum of 500 units a year, make sure we have enough room, as well, for the other customers. this is the start of a very great long-term healthy relationship. >> you, i imagine is a believer global warming not only exists but is bad so we have a big change in administration coming from someone who feels that way to someone who actually i think is very committed to the environment, particularly with clean school buses now lion electric has that
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ready, right >> well, we do we do. and you know, we're the leader in the electric buses. we started selling them in 2016, and now we have over 300 units on the road, over 6 million miles driven we're doing business with the biggest school districts and operators, as well, like students, transportation, national express yeah, we're the leader and you heard what i heard, as well. mr. biden would like to replace 500,000 school buses over the next five to eight years and at lion, we're very well equipped to do that, and it's also one of the reasons, jim, why we're opening that factory in the u.s. within the next two years. that factory in itself will have the manufacturing capacity of 20,000 unit as year. >> one of the things that is very exciting and you're familiar with. we're spending a lot of time talking about hydrogen, too.
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hydrogen trucks and buses. can you tell me the notion it has to be one or the other there has to be room for everybody. >> the thing with lion, we're very focused and we've decided to focus on urban trucks, and urban buses and what does that mean that means less than 250 miles right now. but, you know, the density of the battery is going up every year so that 250 miles will probably be like 275 miles before the end of 2021 and probably like 300 miles, you know, within the next two years and this is going up like this, you know, on an annual basis in our opinion, there is no need at this point for the fuel cells except if you want to do the long haul on electric right now. at lion we've decided to focus on urban only and we feel we'll only be able to do the long haul range within the next seven to eight years. >> and it's clear you guys like
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making them. a lot of these companies call themselves asset light i think that means they're on the drawing board. you have packfactories. you have the cost low. you have an advantage over these guys. >> we think we do and also, we have seven electric vehicle models for sell right now and we will be launching eight additional models within the next two years and one reason, jim, we're able to do that is because of everything we did within the last, you know, ten to 12 years. i mean, you cannot do that like just overnight that cannot be and you need to control the quality of your product. you need to control the cost this is what we've been doing for many years also, the supply chain with the tier one suppliers are totally supporting us. we have great agreements with those companies. they understand where we're going and what kind of ramp up of, you know, manufacturing we
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will be doing within the next few years and those guys are working with us and this is awesome. >> yeah, people should know that's dana, bmw, lg these are big companies and they don't just partner with anyone you have a great story you know that we love it i don't want to get people too excited but i am excited because you make a difference and that does matter. that is mark, the lion electric company co-founder and ceo converting to another company but the symbol will be lev joy to have you on the show. thank you. >> thank you, jim. >> see why i like this one it has a product it's got sales it's not something on the drawing board and you don't have to push the truck downhill to make it look like it's working "mad money" is back after the break.
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all week we've been highlighting some of the best stories to come out of the jp morgan health care conference. arguably the best event of the year for biotech and pharma. we've heard from some of our favorite names in animal health. the maker of drug vaccines and diagnostic equipment for pets and livestock. a year ago we checked with the new ceo kristen peck after the conference and she told a compelling story since she's become ceo, since then, it is up 22% despite taking a serious beating when covid shut down the economy in part because a pair of terrific quarters in a row. what is next let's check in with kristen peck, the ceo of zoetis. welcome back to the show. >> thank you so much, jim. it is great to be back, although, i feel like it's just a world of difference since i was in the studio with you just about a year ago. >> well, it has been but one of
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the things that happened, very few good things have happened from covid but i was looking at a statistic. the number of pets that have been adopted and cared for as opposed to being euthanized is fabulous because you and i both know how great pets are and also has to be great for zoetis' business. >> it is great for our business. the statistics you're talking about, shelters seen a 15% increase in adoptions over the last year so really what that's meant is more pets but i think the important trend is more time with their pets so they're noticing more and those pets are getting taken care of better than before. they are noticing the need for preventives so it is a real strong growth driver for the industry overall. >> this is a great point i want you to ex ppand upon.
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if you're with your dog all the time you get a sense that is needed with sheep, they have terrible arthritis. a lot of animals you work on have terrible arthritis but you wouldn't know it unless you're with them at home. the awareness of the illness and drugs has really spiked. >> yeah, it really is true i think the more time you spend with your pet, the more you notice the limping or the scratching so as we've seen, we spent a lot of money over the last year seeing investing in director consumer advertising to help consumers understand there are treatments if your dog is itching and how to notice pain in your dog and we're quite excited as you know to be launching in europe over the coming year a antibody for dogs and we have a clearance for an antibody for cats and it's ways to take better care of your pets.
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>> i was trying to go -- we get rescue dogs and have done this for years and years and we at one time or another have probably had our dogs take maybe four or five of your drugs when i talk about what takes care of them and take to our vote i say do you know zoetis they know remadol and they didn't know zoetis how do you make it so people go from the leap of the unbelievable drugs you have which have made our pets' lives great to knowing zoetis itself >> it's true that's partly because for most pet owners and consumers, we sell prescription medications which go through vets and what is most important to us, the pet owner really knows the medication, that they know if they have an itching dog, we have a medicine. if they want to prevent fleas, tick or heart worm, we have
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that more investors are knowing zoetis' name but we're probably one of the largest best performing companies nobody has heard of. >> i think that's -- you know what i've got to tell you i think people for using that weird lamp shadem i hope doctors know these products exist how about on the livestock side? a lot of actually geopolitical events and commodity prices go into how much you're doing and obviously, things like swine influenza. you have a lot on your plate when it comes to livestock is it worth it >> yeah, i mean, livestock has been about 45% of our business right now and 60% of that is outside of the united states and so the trends are really different as you know by species. it clearly has been a challenging year in 2020 for u.s. cattle for us as people move from dying ie -- dining ou
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dining in, the demand has changed and some of the growth is from our international business as you were talking about, recovery from african swine fever is a key growth driver for us. fish and poultry continue on a global basis to be the fastest growing species. livestock probably is not the fastest growing part of our business in 2020, but as you remember in the first few years, that was the fastest growing part of our business the diversification is one of the strengths so although this may be a slower time for livestock, we're confident it will go back to strong growth numbers. >> of the american companies i follow, you may have had the best year over year numbers in china. >> if you look at year to date for us, we're up 30% in china and what is really interesting about that number is that about half that growth is from companion animal and one from
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livestock. one of the big growers is really rebuilding the herd where they're really focussing that on large producers that leverage medicines but it's really exciting to see the growth in companion animal launching product there is and growing revo revolution we got the approval over the last two years of apaqual. we have 30% growth for the first nine months of 2020. >> congratulations you're continuing and this is an unbelievable stock since it was spun out people have to look for values like this. 77 million now you're not a small cap, you're a big cap company. >> we still fit for small. >> you run it like a small good company. kristen peck, zts, the documents are clear. if you like pets, you'll like this company "mad money" is back after the break.
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find out more, call aag for your free information kit i'm proud to be a part of aag. i trust 'em. i think you can too. call now! i know the turmoil in washington is really hard to ignore but this is now a stock picker's market which means we're in the hunt for companies that have taken control of their own destiny and given investors spectacular gains. that's the theme for 2021. take therapeutics working on drugs for blood disorders, think leukemia a lot of exciting prospects, it's a $53 stock amazing. the company had strong clinical trial results for the ms drug. a month ago they announced
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terrific phase three data that catapulted the stock from the 30s to the 50s yesterday they presented at the big j.p morgan health care conference and raised a lot of money. don't worry about that let's check in with michael weiss. a legendary investor in this segment. let's get a better sense where the company is headed. welcome back to "mad money." >> appreciate it tank thanks for having me. >> your documents and conference is so good because you know so much about wall street and you know so much about medicine and law. you're kind of a triple threat guy but i think if you could explain to people that you are leg gon legendarily in biotech, you're going to be a commercial pharma company. >> my history is certainly back in the early stage biotech and
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this will be the first time we've gone fully across the line and looking forward to it. we have a great team the good news is i don't really have to do it myself we brought in a fantastic team that will be commercializing these compounds. >> in just a month, you're going to have more major news than you've had, correct? >> yeah, so our first potential first approval is scheduled for february 15th so yeah, that will be real watershed moment for the company and from there we have another in june and then we don't have a date set yet but in the process for chronic leukemia, which is the largest blood cancers we're targeting. but hopefully before the end of the year we'll have a date for that as well and ms, ms is our biggest opportunity but we have
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the data, like a month ago. >> a lot of people hear ms and say wait a second, there is big companies in there who is this little company you're going after a particular part of the market, not just regular ms and i think if you explain that people know you're not going head-to-head against a couple of the giants. >> yeah, so we're looking at a form of ms that's relapsing forms of ms. it happens to be the largest subsection of ms and a lot of ways we will go against some of the major players in ms but we're focused on what is called we have a cd 20 antibody and so it's a subsecond tore in terms of the therapeutic category that will grow to 10 plus billion out of a $25 billion overall market. it will be probably bigger than the third of the overall market.
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there is only two other competitors in that space. across ms, there is, i don't know, 15 plus drugs that are selling well and each close has multiple, multiple million dollar compounds but our class is limited to three that we believe we've got potentially a best in class antibody. >> now chronic leukemia, cll a terrible disease what i was surprised at when i read your speech, 185 million people, this is another case where you are not an orphan drug guy. this is a gigantic market. >> yeah, so i did momentarily say 185 million, it's 185,000.
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>> i have the uncorrected transcript. >> still, it's unfortunate and a rough disease. lots of patients have it and it robs you of life and worked really hard and you get to 65 is the average life for people that have this disease and it's debilitating and the fatigue is horrible, you get sick a lot so it's really important to have drugs for this category and ultimately, still live your life it extremely important to have new options. there is pretty good options that have come out but they're not perfect. there is many patients, too many patients falling through the cracks and that's where our combination of the list of the two drugs of the combination come into play to help the
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patients that don't get benefit from the newer standard therapies. >> i want people to understand you have raised the money. sometimes people come on the show in the 16 years we've been doing this and tell a good game and next thing we know they did a secondary or primary of their company but you've raised the money. you're there to do what you need for these drugs? >> yeah, so we've been really fortunate. i'll say, the investment community has supported t.j. we haven't had to partner. a lot of companies run into trouble that brings capital and other times they get deleted by partners with big companies. we've been really fortunate, the capital markets have been kind to us to execute on the plan i came on your show many years ago to find what we're going to do it takes a long time we executed on everything we said we'd do not partner with big pharma and that enables us to go out and monetize the programs that we've
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built. so yeah, we're well funded and raised several hundreds of millions of dollars over the last several months. we have $600 million in cash as of the last, as of the end of the year and that should carry us through almost maybe to profitability but pretty close over the next couple years. >> incredible. you know, look, i remember when you came on and i said listen, this is the real deal and we got 20 lightning round calls i said the real deal, the real deal and boy, were you ever the real deal. i want to thank the executive chairman of therapeutics, great to see you, sir. >> thank you. >> he took it from a glean to fruition the big money is still to be made "mad money" is back after the break.
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it is time, it is time for the lightning round. buy, buy, buy, sell, sell, sell and then the lightning round is over are ready ski daddy? let's start with austin in tennessee, austin? >> caller: boo-yah, jim. >> boo-yah >> caller: in march as a 23-year-old college student, i decided to dump my entire life savings into the stock market and so far my portfolio is up over 80%. >> wow. >> caller: wthere is one stock that's outperformed them all and that is halliburton. i picked it up for $4.80 and since then it's up 350% and
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close to a 56-week high. should i sell and take profit or hold on -- >> here is what i want you to do i want you to take out about a third of your capital. all right? i bet is a big chunk of what you invested and then you let the rest run because you are owed that that's how great it is you cape in at the bottom and bought ha i salute you great investing. let's go to kevin in florida, kevin >> caller: hey, jim, love -- >> well, kevin likes something c -- sorry, what? >> caller: i thdumped my saving account of $52,000 into sea world because of a comment on read on wall street. i now have been slowly getting out of that position and i want to find out something that still has pretty big growth potential looking att ticker sil er symbo
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>> the whole group is rising i like kmi more. the group is rising and -- because they're not going to be able to build more pipelines this is the weakest in the group. i got to warn you, it has the worst balance sheet in the group. let go to ashwin in new york. >> caller: boo-yah, jimmy chill, how are you? >> doing good. how about you? >> caller: good, good, i've been watching the show for over ten years. >> thank you ten years. >> caller: recently i've heard lu lucid motors is going in and regardless if this deal goes through, is lucid motors worth it >> yes, it one of the good ones and i spent a lot of time on this group it's been about ten years. i said darn it all
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i wish i had got that before because they are very, very smart people you're okay there. good situation i know it's speculative but good i want to go to celeste in new york, celeste. >> caller: hi, i have my husband michael here and he needs first to say. >> caller: boo-yah, jim, on this fine occasion. >> boo-yah. >> caller: i'm a first time caller and i've owned cisco systems for years. it's been moving sideways. it's held in an ira with a 3% dividend yield but i want to know if i should sell it now, buy something better to make me money or take off while i'm not looking? >> what is the stock cisco? no, don't sell cisco 3% yield good balance sheet doing a lot of good stuff with web x. it taking a little time for chuck to turn the thing around because it's a big ship. no, i wouldn't sell cisco. i would be more inclined to buy than sell and that, ladies and gentlemen, is the conclusion of
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the lightning round. >> announcer: the lightning round is sponsored by td ameritrade there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪♪ yeah, i mean the thing is, people like geico because it's just easy. bundling for example. you've got car insurance here. and home insurance here. why not... schuuuuzp... put them together. save even more. some things are better together. like um... tea and crumpets. but you wouldn't bundle just anything. like, say... a porcupine in a balloon factory. now, that'd be a mess. i mean for starters, porcupines are famously no good in a team setting.
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attractive, millions of younger investors are lured into the asset class and changed the actual character of this entire market i call them the merry men. >> house of pleasure. >> not because so many of them use robinhood but because they're having a ball. picking stocks fuels great when there are enough obvious winners with zoom, door dash, airbnb and lemonade, apple, amazon, netflix, alf, i can go on and on, etsy, shopify, these stocks are so accessible they become irresistible like candy, or maybe like crack if you're feeling cynical. as someone waiting 20 years for individual investors to get back in the game, i got the tell you, i'm torn you know i'm a huge believer in stocks i think a diversified portfolio
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is the best way to build wealth by putting the first 10 grand in index funds. part of me loves seeing the younger generation embraces stocks and blessed with an incredible ability to do research online quickly. older professionals scoff at these because they haven't paid their dues i say there are no dues to pay if you're willing to do the homework, you have my blessing to pull the trigger and another part of me hates what this market is teaching people. if you started picking stocks in the last nine months, you got rose colored view of investing we've been blelssed with one of the most bullish tapes in history and if you search that you should or have made a killing but you know something it can't always be this good and you have to wonder we see stock after stock roar in the electric vehicle category or h hydrogen fuel cell or spacs.
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these stocks make you feel like you have the maitis touch. think a bubble on steroids think king mitis in reverse. so many positive stories work out like tesla there are are a lot of believers that don't want to near anything negative i can't blame anyone for wanting to find the next tesla why not? there is a point they get too big and run out of the of juice although the one we heard tonight i like very much what do you do there is a simple an answer. you may think neo is the next tesla and a picks and shovels play on the cannabis industry. that's called conviction you need conviction. but when you have a huge gain, discipline says you need to take something, something off the table. you need to do a little
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registering even if your conviction is telling you to let it ride and is your winnings don't count until you bring the register i'm not telling you to dump your whole position because jimmy chill will answer to on twitter. don't be greedy. it's part of your position nobody got hurt taking a profit because we don't know how long this fabulous moment is going to last of course, if you're rooting for stocks in the portfolio, you don't want to hear this but i've been in the game for 40 years. sooner or later, the red hot stocks do go out of style, the majority and that's why you need to take profits while you have them if you let your gains ride, you could eventually get blown out that causes people to give up on the entire asset class what do you think happened in the last 20 years? i've been fighting that for the whole time but people have been leaving in droves. there is $5 trillion on the sidelines. so please, please, do the
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disciplined thing. ring the register on part of your position. you may want to take your medicine at the moment but trust me when i say you'll be glad you did a year from now. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i' and i'm jim cramer, and the news with shepard smith starts right now. president trump impeached again. tonight, his response. i'm shepard smith, and this is the news on cnbc. >> he is a clear and present danger. >> it always about getting the president, no matter what. >> i care about this democracy and the country. >> the left in america has incited far more political violence. >> emotional debate on the house floor marks a historic day in america. >> the cameras of history are rolling. >> donald j. trump, the first u.s. president to be impeached twice. tonight, the nex
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