tv Mad Money CNBC January 19, 2021 6:00pm-7:00pm EST
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>> what reign heinous top is he wearing, could you clarify for us quickly >> is it a check of some sort? >> know. i'm sure it's made of hemp guy, final trade o. >> slb in earnings on my mission is simple, to make you money i'm here to level the playing field forinvestors 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 money. it's my job to entertain, educate and teach you how this business works call me 1-800-743-cnbc or tweet me @jimcramer. what heamakes stocks move?
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where the dow gained and nasdaq pole vaulted 1.35% a lot of people assume any given day is a random walk where the odds are 50/50 either way. this is a mistake that a lot of newcomers make it's almost as if they see the market as a big casino and settle it through the roulette table where they bet on red or black. when they see a stock with a full head of steam, they want to put their chips on it. black going higher red going lower. but if you're going to trade, i'm begging you to be more disciplined than that. if you bet on black when the market looks good and red, you'll get your hand handed to you. something that happens a lot including this morning's opening. i approach day trading the same way sports betting i can't gamble but i know what i'm doing. each session is a game, a battle between the bulls and bears where you have to pick a side. my method, i try to figure out who is the favorite and who is
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the underdog like in sports betting. because you always want the wind at your back when you're trading and unlike gambling, the line isn't readily available or accessible so i have to create it in my mind. i'm going to show you how i do it today you can tell from the start the bulls were the favorites because of the strength of the futures and makes it too easy. if this were a football game spot the bears to figure out what how about six or seven points to attract short money from the other side the bulls had so much going for them from get-go the senate grilled janet yellen and to stick with the football ana analogy, she's top brady but i might be the first to draw that parallel what else can i say? i had no worries about yellen in front of the senate. she made her case for people that don't have jobs and need to put food on the table. she wants to spend a lot of money. normally that would leave her open to republican blitz but she left her answers there wasn't a sack or hurry. with jerome powell at the
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federal reserve, aaron rogers and can't throw deep and may be retiring rogers yellen at treasury, we could look at years of low interest rates and government spending, which is fabulous for the stock market a lot of investors spend too much time focussing on washington when yellen says we need to act big, she's talking about acting big to create more jobs. and that's what the 1.9 trillion stimulus package is about. i know skeptics and democrats want to give handouts to people that don't want to work but this is america people want to work. states want to pay if congress doubles the minimum wage like biden is proposing, i bet people want to work more we've got 7% unemployment and that needs a shot in the arm that's too high. when i hear yellen talking about big, it makes me feel like the bulls have a home field advantage with yell help at the helm just like the bucks had an advantage with tom brady bulls by three or non-gambling speak.
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you have to spot them three points to make it even now let's take the line further. when the economy gets a shot in the arm, people with money are more likely to start new businesses or invest in the stock market good for the economy, one is just okay. you know there is lots of index money, 50% of stocks are owned by fund track ind that's not the case for people buying individual stocks although when it's done on mass like blackberry or game stop, bed bath and benldybeyond, it gs the bulls a boost. whether it's older people buying honey well, these pibuying patterns are strong. next, if you want to know where ga games are really won, it's the offensive line you need the wall to push forward. for the last few weeks we watched the blitz after a couple up days. today we had the best front line you can ask for more than four we had facebook, amazon, apple,
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netflix, alphabet, fang. you can always take out one and substitute microsoft that roared higher but don't take out netflix which had a remarkable quarter this evening these big tech plays are all viewed as lockdown stocks. they're the ones you bet on when it looks like uncle sam will keep botching the vaccine rollout. i think that's too severe. we don't know what biden has planned. the way we view fang is really incorrect. they're portrayed as stocks you lockdown when the economy reopens, they do fine during lockdown and when we reopen and that's what people seem to real d ize today. it happens to be big spending and you can make a similar case for facebook and amazon and n netflix is skyrocketing. they added 8.5 million paid subs when wall street is looking for 6 million. that's incredible.
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she's trying to behave she's not trying to rollback globalization. that is great news for apple and trade because trump inspired risk i want you to put it together, you may need to see, you got to spot the bears another couple points this is how something becomes a favorite remarkable on the semi con conductors and 5 g plays and last year i recommended stocks and many exploded higher today i told you to buy up 25% vastly up 8% on the list sky workers marvel qualcomm four, it's hard move to explain. apple business, shortages worldwide that's my debt what matters is coloring every screen green shortage after shortage after shortage. the bears are not without weapons of the road. we have good numbers from bank of america but both stocks came in hot, wall street yawned and
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got hit. the bears were massively out gunned today for today's trade, the bulls had a big edge and the bears needed help to turn the green tape red. they needed something disruptive for president trump. twitter acts as if he's been quiet. she didn't make more than brady did. excellent numbers but people yawned unlike betting on football, there is no point spread there is not even a bid. you don't have to spot the bears switch you just sop it all up it's a level playing field if you're going to bet asqgainst the favorite, you need a game changer to move the mental line or money line. today i saw nothing that made me think the line was wrong, which is why stocks stayed so strong but the bottom line, if you're new to trading, not investing,
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trading, it's rare i'm discussing it, you don't want to go home long it's a new gain but don't roll over your bets that's my advice with biden's inauguration tomorrow, we have no idea how that session will go maybe the bears will be in charge but if you do the work to figure out who is the favorite and by how much, you'll be in a better position than the gambler that buys hot stocks betting will remain hot. let's go to colin in michigan, colin? >> caller: big grand rapids boo-yah to ya jimmy chill. >> grand rapids furniture capital of the world what is happening? >> caller: not much. i bought this stock last spring as you reck ommended as a play the stay at home economy and growing like a weed since. with spring around the corner, how do you feel about stock miracle grow >> i looked at my beds this weekend in my garden it's so priceless what is going to happen in a couple months after covid it something you can count on and you can count on
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scott's miracle grow, too. even my flats, a lot of those plants are from scott's miracle grow let's go to marvin in florida, marvin >> caller: jim, i'm sending you a boo-yah. >> holy cow. man, good to have that boo-yah now and then what's going on? >> caller: well, i'm interested in what you think about wix. it's one of the largest companies in israel based in tel aviv they have a subscription based website. >> right. >> development company, website hosting and a payment platform they had a good run from january of 1920 up until the last few months. >> marvin, look, i'm a typical customer they helped the menu and then we had the restaurant because like so many others who have wix
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sites, you know, that will shut us down. that's why i stall for that but i like the company very much if we ever get back to work, we're going right back to wix. if you trade, discipline matters. do the work to figure out what is working and not and analyze who is the favorite and who is the under dog. "mad money" tonight, don't you yawn on me i know where you live. the bond market. going off the charts to find out what it's signaling. not just the bond market or dollar but for your stocks then a few months ago i gave you my list of 11 stocks to run a pattern for the moment we got a vaccine. i'm revisiting the group and telling you what is working and not and wow, we shot the lights out with this and does logictech remain a winner? i'll sit down with them. sit down with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter
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have a question? tweet cramer #madtweets. send jim an email at madmoney@cnbc.com or call us at 1-800-74 3-cnbc. miss something head to madmoney.cnbc.com. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. ♪♪ use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams? i just emailed my wife's social security number to the entire company instead of hr, so... please come back.
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the amount of data that's right for you to save even more. and you'll get nationwide 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get nationwide 5g included and save up to $300 a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. i know it's painful but we need to talk about the bond market bonds are boring but at the end of the day, the stock market takes the queue from the much longer bond market over the last six months, long term treasuries, the ten-year note and 30-year bond have plummeted in price, which sent yields scoring when a bond price goes down, the yield goes up and that's the main interest rate we talk about all day. a week ago, it looked like long term treasuries were in free fall and the treasury department
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held a ten-year note auction with healthy demand. suddenly treasury yields were going lower again. we saw that action today this is the bedrock of all investing, people. don't we're going off the charts with the help after carly g garner she's a brilliant technician and author of higher probability commodity trading. we want a better sense where bonds are heading because they are crucial to the stock market. this is likely the bottom in long term treasury, the bottom this is a shockingly contrary view point to what almost oef i know thinks. some of this because of the backdrop, long term rates rise when the economy is getting stronger they fall when the economy is weakening and we have ugly da to over the last few weeks. ugly meaning slower but garner sees something else at work beyond the treasury auction or the macro. she thinks the yield and benchmark ten-year treasury is
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converging near last week's lows, the treasury was paying 1.2% and s&p is 1.5%. stocks have upset potential bonds still. on the other hand, stocks have much more downside risk especially since treasuries are getting active support from the federal reserve and foreign investors know government bonds are the only way to get an okay yield, remember, their yields are lower than ours without meaningful default risk and they have that. if we've seen what is going on in italy, gee. i'm telling you stocks are the only game in town right now. that 1% yield from the ten-year is too small when companies are paying 3 or 4% i'm not worried about them being paid but to wealthy investors overseas, u.s. treasury is attractive this weekend bloomberg publishe a piece. any time the yield reaches 1.3
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last week they peaked around 1.2. garner thinks that's where they pour money into treasuries these people are rich. they don't care about upside they're looking for capital presservation and at a time the rest of the world's interest rates are lower, 1.1 or 1.2% yield looks good to them how about charge i want you to look at the daily action in the ten-year note future versus the u.s. dollar index. garner points out the green back and ten-year traded in the same direction 60 to 70% of the time. in other words, a weak dollar pushes bonds lower causing higher rates a strong dollar pushes them higher causing lower rates so if the dollar starts bouncing, yields will fall and garner is confident the dollar bottomed. check out the monthly chart. all right? this is really important after getting beaten to a pulp, last year you can see it goes
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down the green back is stabilizing after breaching its floor of support last month there is the breach, okay? meanwhile the index is most over sold in decades. the last thing we want right now is a stronger dollar it makes american experts more expensive but garner thinks that might be in the cards because the weak dollar is too crowded when it's crowded there are too many people in it. when you look at the data from the commodity futures trading commission, speculators are holding the largest short dollar position since 2007. that's crazy crowd of trades rarely work. everybody is betting against the dollar, there is nobody left to sell we know a stronger green back translates to higher trels susure -- treasury prices. look at the seasonal pattern the ten-year tends to rally in the first quarter. again, that means remember bonds go up. rates go down. how about the monthly chart of the ten-year treasury futures?
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garner thinks 2021 is looking like 2020. i'm giving you-all these because again, this is such a contrary view i got to back it up with a lot of charts. go into last year wall street believes the treasuries are headed lower as rising interest rates were taken as a given. for a few weeks it looked like the conventional wisdom would be right and bingo, yes, covid. covid turned the world upside down and bond prices skyrocketed. this year garner thinks wall street is once again too bearish on bonds after last week's low, she's betting we'll see a consolidation that will act as a stepping stone to the next higher she views the pull back over the last six months as temporary, a cooling off period of trelsasur futures got over bought. look at the relative strength index. it's not overboard territory but was before meanwhile, do you see the red line and green line here see these two? these are visual representation of volatility.
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as the security gets more volatile, the bands expand as it gets less volatile they shrink. okay the way this works, the price action should stay within the bands roughly 90% of the time. even when something goes above or below the band, it tends to retreat allowing the bands to adjust to the new period of heightened volatilvolatility this is confusing but brings it upright now because the babnds expanded creating a trading range between 126 and 144. the upper band is right below the trend line ceiling of resistance at 145. so garner expects the bulls to target that level if she's right. there could be a speed bump of resistance near 142 followed by a quick temporary probe to 145 if that sounds like no big deal, let me flip it around. if the rally is 142 it would imply a .5% yield. in other words, we're talking about all time lows. if the ten-year futures climb to
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145, that i'm pries a ten-year yield costs zero the ten-year yielding next to nothing would terrify wall street we got to stay focused about this that's used as a risk factor now almost nobody wants long-terlo long-term interest rates to get this low but if they keep injektin injekting cash, they see more copping from u.s. treasuries overseas because yields in the rest of the world are lower than ours and we're very, not as -- we're -- can i say we're more stable than these other countries? i guess you can still say it here is the bottom line, the charts as interpreted suggest long-term treasury yields are done going higher. in fact, shethinks maybe on th verge of a collapse. if she's right, this will be a great time for the slowdown stocks and secular growth stories that don't need an economy to work, stocks like fang maybe that's a reason they are going higher stick with cramer.
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a little more than five months ago, i gave you my go list that's a graoup of 11 stocks you had to buy the moment we got a viable vaccine now that people are getting vaccinated and returning to normal is in sight. many of you referred to this basket on twitter. some to jimmy chill and some to actually me. the 11 stocks on the go list are dupont, 3 m, disney, mastercard, union pacific, nike, ralph lauren, pvh, pvg, new core these i worked hard on to figure out what to do best in an opening scenario they are all stocks i figured
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would do better and the go list, proudly the basket up 36% since i picked these stocks in early august versus a 14% gain for the dow and the s&p and the 20% gain for the nasdaq this index beat them when you zoom in on the individual names, some worked better than others but that's typical and master card is down. that's amazing it's been a good stock over the years. pvh is up more than 90% on the hold there were more winners than losers. you have ralph lauren up close to 60% and due month 6 -- dupont 60%. i told you to buy the stocks when we started turning the corner on the pandemic so it should be no surprise the bulk of the gains came in the last couple months since we heard the good news about the pfizer and moderna vac scines in november the ones that are working have upside americans get vaccinated and a new president gets sworn in with a more serious federal covid plan i know a lot of people are betting on this.
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it makes me hesitant, remember, we need j and j. i'll start with the laggers because it's important to have accountability can't just talk about the winners. master card down less than 1% and 3 m. my thesis is this group would sore once we get vaccinated. that thesis was wrong. 3 m is a roller costar with the stock soaring in late november and rolling back the gains in recent weeks the problem, 3 m has serious legacy issues. i thought management would be able to get past them. they have environmental liabilities that is not great when democrats control houses of congress and 3 m reports next tuesday and did well last time i think the good numbers will continue it really is the environmental issues keeping this down for mastercard, the credit card space is hammered in recent weeks losing share to online payment plays like paypal and square over the course of the
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pandemic that might reverse once we got a vaccine but the banks caught fire and nobody cares about the credit card plays. between the banks coming back to life and fast growing technology ipos, there is less of a constituency for owning a stock like mastercard. i misjudged that i thinkmastercard is a great company but wall street is not interested at the moment and that's painful given how much the average moved up i'm thinking cross border travel comes back and take off but that may be making excuses for situations that structurally people don't want anymore. maybe i just refuse to give up how about the nine winners let's start with the weakest of the budget union pacific, emmerson and nucor up worse than the bulk of the go list. the rest of the go list, these are exciting like the rest of the rails, union pacific is on fire they reported on thursday morning. railroad stocks tend to rally no matter what because they do precision railroading and makes it much more efficient
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nucore got a huge boost. then another boost early this month after the democrats swepts you can't build infrastructure without steel. nucor is a cheap stock i like this for those looking for a cyclical that has room to run. as for emmerson electric, classic smoke stock. before the vaccine they were doing terrific because they have a ton of exposure to china and china is doing well. the stock has run from 65 to 83 today and a new all-time high and has room to return and retiring ceo and another one that may come in there is a lot of excitement we have the middle of the pact, the go list stocks up 30 to 40%. ppg, the paints, coatings, disney and nike. ppg paintings and coatings are on fire. they are a big part of the hope builders two terrific bull markets. the stock is on a tear it's
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worth sticking with. it really well run disney is weird. you think this would be a textbook pandemic play not a great time for the movie theater business but disney launched a popular service, the stock recovered from the march lows and a pfizer vaccine data disney seems to expand on the earnings, a lot of people want me to like amc which is a little stock that can run here. i don't know it the same group that wants me to recommend blackberry and gm what else do they like whatever i don't want to do anything more than say that's what they're thinking about but i know that's what they're thinking about. let talk about the stock they should be thinking about nike before we saw the light at the end of the tunnel, nike was making highs as china bounced back and leisure became the style of choice for people working at home the stock is expensive nike shoots lights out
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like williams-sonoma these are well run companies that have figured it out thanks to the pandemic, they cut out the middleman and sell the product direct to the consumer we're not going back i'd stick with nike. it the best direct to consumer story out there. finally, we had three home runs including one that happened. dupont up 54%, ralph lauren up and pvh up 90% we own dupont with nike and mastercard for the travel trust. follow along joining the actionalertsplus.com club and a lot of people have come in and we're not the reason the stocks are running but in some cases there is a group thing and that's okay because the group is right. the commodity chemical plays had a terrific run and in the last week they have been hit with profit taking. we did trimming for the travel trust. i think the good news is baked in here although if dupont sells off 5 to $10, i would be a buyer again. five downgrades and moving up. incredible next up, the power industry got
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a new lease on life when we learned about the pfizer vaccine and ralph lauren and nobody cared until we knew the vaccine was around the corner. i love management here the stock trading at 14 times and earnings estimates made a lot of good movers direct to consumer, more upside. last but not least pvh is a similar story. the parent of calvin kline and tommy hilfiger struggle to get action and soared 20% in a single session pvh has not moved back and got an extra boost when they reported a better than expected quarter before anyone was vaccinated, the business was already coming back with it's digital direct consumer business up 70% year over year. with department stores fully reopening in the not too distant future, they will do a lot maybe with kohl's, which is doing much better since they got the s saphora deal here is the bottom line, other than ma, mastercard and 3 m our
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go to stocks are fabulous performers since we found out about the vaccine in november. some of them got a little rich, i admit. disney, nike, dupont but the rest of the list is still actually worth buying. union pacific before the quarter, maybe after emm emmerson, ppg with the coatings, ralph lauren getting out of bad stores, all good and of course, pvh. with the way the government is bundling the vac scine rollout, this list will get higher once the pandemic is finally under control. let go to joseph in connecticut. joseph good evening, mr. cramer my wife and i love your show and watch it every night. >> you're very kind. thank you. worked hard this weekend to get the show right keep going on different directions to make it so it interesting to many people how can i help >> i bought both chipotle and mcdonald's several weeks ago as they seem to be good businesses to invest in during the pandemic but they seem to be moving in
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different directions chipotle is holding strong and mcdonald's went up and seems to be struggling. my question is, if these two stocks earn the same sector of fast foods, why are they not moving in tandem and where do you think each is headed >> you know, this is a great question i'm glad you asked it. it was going to be the subject at the top of the show i switched when i saw so many different stocks roaring today chipotle has went all in with technology and loyalty programs. mcdonalds is a dinosaur versus that as much as i like mcdonald's the price point in chipotle is higher but they have done very well with the chipotle so keep in mind mcdonald's while being a great company is not technology as savvy as chipotle, only dominos rivals chipotle i want to go to tom in minnesota, tom >> caller: hi, jim. >> tom. >> caller: thanks for taking my call. >> of course. >> caller: i want to get your thoughts on pfizer
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they refocused the vaccine and several new products in the works. they have great sales. a little price per earnings. can't figure out why their stock isn't moving. >> okay. look, this is a great concern. i felt that, remember, they're not on warp speed, okay? they are being footballed by many different -- states, locally. here is the real issue innovation they classically don't have it look at lily, look at bristol myers. those are the ones we're focussing on. these go-to stocks i'm looking at have been crushing it since we found out about the vac seep -- vaccine because they do best when the economy is open of all the names i can find, they aren't done there is much more "mad money" ahead as the home trend continues, could logictech remain a winner? i'll talk with the ceo there is bank earnings calls and
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as earnings season goes into full swing, we're seeing an ugly pattern. companies report strong numbers and the stocks do nothing or go down at first it was the banks but now it spreading to stop parts of tech. take logitech making consumers, gaming equipment it is a huge winner over the past ten months as millions of people build home offices and fancy video game setups. they reported a great quarter,
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breathtaking beat with sales up 85%, the company is earning $2.45 a share. wall street was looking for 1.14 instead of rallying, the stock tumbled $3 why? many assumed this would be the last great quarter they think the booming business will cool down once everyone is vaccinated and the world goes back to normal i bet that's a mistake but don't take it from me. let's go to the president and ceo of logitech international. welcome back to "mad money." >> thanks for having me, jim great to be here. >> can you start this call, which is an amazing call by talking about the way work is going to be and if work is going to be a hybrid, then this is no fad. this is not pegged necessary to vaccines this is a new world for logitech. >> we're super excited about the role we're playing in the world and we think as it goes forward,
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we'll be right in the center of the way people work in the future so, you know, the hybrid work models we called it where people work a few days in the office and a few days at home means multiple work spaces and video in both places and means video in conference rooms. that's a big chunk of the business. >> you talked about something i think again is sec ular and not part of a vaccination. the digital content and the roll logitech plays. >> yeah, you know, as much as i love cnbc, jim, and disney and all of the other major companies that bring content to us, more and more people are watching more content from each other so content creation and contempt creators are really where the future is for a lot of people and we basically enable those people with microphones, with webcams, with stream which is a service we provide the content creation or creator class is huge and we're in the
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middle of the action in many categories. >> there are a lot of people stuck thinking logitech is a knock off. for instance, i have a pair of very good ear buds that frankly are, they fit my ear and i have a left ear problem where they always fall out. i've molded them to my ear and they're not going to go anywhere and what are you doing that makes it so it works >> well, this is a super cool technology it marketed under ue it not logitech brand. it's ue. you order online and get a box in the mail. you open the box you download an app you put the two earphones in your ear and hit a button on your phone, and they instantly mold to your ears. they become a completely customized product they only fit your ears. each of your ears is different like a fingerprint this is the most customized consumer product you can buy. >> i got to tell you it the thing for those of us that have
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a different ear size and you want to exercise, which i like to do. this is the type of thing that one point i would not frankly would not have expected this kind of ahead of the game. you've always proven to yourself that have everything equal at much lower price this is a surpassing, which again, i am portraying logitech as an innovator and carbon labels we'll do that later. as an innovator trying to traverse a world where people are sampling it because of covid and it turns out to be superior to what they were using. >> this has been -- yeah, we've quietly, we've been around for 40 years and almost 40 years and we always have been engineering driven in the last -- since i joined the company eight years ago we started adding design and put the user today middle. we're bringing real innovative technology we had and capable of bringing to a very relevant way to users now like you who had problems keeping an earphone in
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one ear or didn't feel like the camera we were using was good enough for them. we're really stepping it up here. >> now, i think you have always had a passion for the environment. you're doing something that i wish we look at labels today i saw there was a lot of salt in some drink i was drinking but no carbon labeling on what i own, and therefore, i'm cavalier about it you're trying to do something different. >> you know, we have been working on the environment for, you know, a decade and in the last four or five years, our team, which is very passionate about the environment and trying to do the right thing led by our head of operations started down a path we call sustainability and a piece of that was not only are we going to work like crazy to reverse the effects of global warming and try to reduce the global warming from here, but we're also going to try to bring it and influence other companies and users. so we decided about six months, nine months ago we were going to put on our path to do it, put
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the amount of carbon each of our products generates from the time it's made through transportation, through usage all the way until it's recycled or put away, all that impact will go on our labels and we hope that will influence other companies in every industry to compete and so like calories on a food package, you're going to have carbon on our package. >> look, we'll push that ourselves. i like -- when i see ceos doing good things at this stage of my career, i solute them and challenge others to do what you're doing because you're doing it right president and ceo of logi. well done, sir. >> thank you very much thanks for influ ss for influen organizations. >> we have to be focused on how
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much carbon goes into a product and that's one of the many things logite ch is focused on that's not going to be going away if everybody gets vaccinated "mad money" is back after the break. finally moved in. it's a great old house. good bones, wraparound porch. the pipes are... making strange noises. ♪ ♪
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♪ ♪ even the plumbers couldn't help us. nope. at least geico makes bundling our home and car insurance easy. which saves us a ton. for bundling made easy, go to geico.com. we're excited to do business with you but before we sign i gotta ask... sure, anything. we searched you online and maybe you can explain this? i can't believe that garbage is still coming in. that is so false! frustrated with your online search results? call reputation defender today to join tens of thousands who've improved their online reputation. get your free reputation report card at reputationdefender.com or call 1-877-866-8555.
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it is time, it is time for the lightning round. that's about right, buy, buy, buy, sell, sell, sell. and then the lightening round is over are you ready, ski daddy time for the lightening round. we'll start with dan in massachusetts, dan >> caller: hi, jim. >> dan. >> caller: am i glad you had your vaccine because we sure need you. >> you're very kind. let me get the second half and we'll find out how i'm really doing. what's happening
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>> caller: my question today is should i buy fubo? >> i got to tell you, fubo versus -- fubo versus say draft kings, bull market fantasy, i'll take pin that or draft kings pin that opening bar stools parts book in michigan today a lot more there let's go to deno in florida. >> caller: hey, boo-yah, baby. this is 3 d printing have ground breaking technology. what do you think? >> not even real revenues. people suddenly like 3 d systems. i think that's a little too excitement for 3 d people join in i want to be careful once these moves have been made they tend to have another leg up let's go to garrett in new york, garrett? >> caller: hi, jim this is garrett. i'm a first-time caller. your show is awesome. >> excellent thank you very much. what's going on?
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>> caller: i bought shares back when the cannabis stock exploded at $47 do you think biden's new presidency -- >> we don't care where a stock came from and where it's going to and i have a very good feel canape is the way to play this group. i'm not ignoring that. i'm not ignoring that. however, i want to point out canape has that big interest from konsconsolation. craig in florida, craig? >> caller: hey, cramer thank you for helping to democracyi ize capital. i want to find out if there are going to be able to capitalize on more than just the arrival deal or will the medium electronic vehicles be enough to pr propel. >> what can i say? am i a believer? it's a good speck. that's the way i have to look at
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it let's go to kevin in california, kevin? >> caller: boo-yah, jimmy chill. >> boo-yah. >> caller: thanks for taking my call last week i had an interview with michael kline, ceo of churchill capitol. >> he's -- he wants to come on i would welcome michael kline on the show tomorrow night. i think he's a hitter. let's go ut oh. we lost him. well, look, anything michael cl kline is involved with i like. speculative. let's go to steve in pennsylvania, steve? >> caller: boo-yah jim. >> boo-yah, steve. >> caller: hey, i first saw your show in the first season at my friend mike's house. his dad had it on but just started investing this past spring. >> that's good how can i help >> caller: i bought in the
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summer and took my initial investment off the table for christmas gifts and let the rest ride and it doubled. does it have more room to ride >> it does its time has come. they are doing so much to install lighting it's so much more than that. i'm glad you took out the house's money. i've been urging people to do that you're listening and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator.
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voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com ♪ ♪ the chevy silverado trail boss. when you have a two-inch lift. when you have goodyear duratrac tires. when you have rancho shocks
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rather than spending all your time on reddit, finding out what stock will be next. let me give you a former productive and rigorous way to research stocks. read the transcripts of quarterly conference calls we get a lot this week as earning season gets here let's get practicing my number one piece of advice to anyone thinking about picking stocks is these calls are the most important part of your research they can tell you so much about individual companies and entire sectors and some cases, the whole economy. let me give you examples for
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three different bank conference calls. jp morgan and wells fargo, citi group. the big banks are the bedrock of the economy. there is a lot of useful stuff you might know things already. i'll go over them for you because i want you to understand how i get my world view to make decisions. the first take away, the american consumer keeps paying down debt at an extraordinary pace the american person's balance sheet, i have to tell you, we'll go into this in a second is the best in the world right now but we understand also that there is people being left out including millions of families have more than enough money to take care of their everyday needs, normally they take what is left over and do discretionary spending that's not happening because people can't really go out and more important, they can't travel air travel is very expensive where is the extra money going including stimulus checks? it depends
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this is where i want to be personal about it. this group of people are wealthy and doing well and there is another 40% of america that makes $15 an hour or less living paycheck to paycheck the ones that soon to be treasury secretary janet yellen talked about all day they're the ones that need our help i'm not speaking about that. i'm not trying to be cavalier. i'm saying this is a dominant theme. above this level people are paying down lots of debt and when you see this deleveraging, you have to believe billions of dollars are headed into the stock market that's what bank of america and goldman sachs both said they're seeing good q from bank of america and extraordinary from goldman banks are spending money on technology everyone wants to close branchs and lay off peoplewho work in them so they can save money on real estate and labor cost at a time of lower interest rates where lending is hampered by a pandemic, you expect them to double down is how they make it happen again, the flip side, i hope people who are bounced out
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because of tech can find work. now, these companies are shelling out sums for better cybersecurity. that's a dead weight loss but they have to do it they have on premises software and removing the cloud which means they need a cybersecurity company that can do both and explain incredible earnings including palo alto who has the ability to be on prim and the cloud native third, despite the weakness in the economy, the banks are doing well enough they could afford to return a lot more money to shareholders if the federal government would let them. as j.p. morgan jamie diamond said, quote, we have so much capital we can't use it. to me that means it's too soon to sell the banks after this remarkable run sooner or later roughly everyone will be vaccinated and people will travel again but as long as the government keeps dropping the ball and vaccine rollout, the deleveraging will continue and again, that means more money for the stock market or sitting in banks doing nothing
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frankly, the banks are sitting on so much capital it's slowing the economy. there is something government can do, something about instantly. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow the news with sheppard smith starts now last night in the white house, waiting for breaking news on pardons, then new leadership. i'm shepard smith. this is the news on cnbc >> i am proud, proud, proud to be a son of delaware. >> a historic transfer of power less than 24 hours away. the 45th president stoking controversy as he leaves office and the incoming one facing unprecedented challenges >> just out of an abundance of caution we want to make sure there's no issues at all. >> america on
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