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tv   Mad Money  CNBC  March 2, 2021 6:00pm-7:00pm EST

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>> the irony of space doing a round trip from 33 to 63 back to 33 is not lost on me you can try space for a trade here mel. don't go 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 trying to make you money. my job is not just to teach you but educate and entertain you. call or tweet me @jimcramer. what does it mean to be optimistic do we have hope we can go
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outside without fear of getting sick does it mean booking a cruise? booking a trip to disneyworld? buying a boat. throwing a gigantic party, huge one. maybe it means plain old getting a job. these are the questions you have to ask after a day when the cyclical sign, those are the industrials, they all were great but the tech stocks, they gave up the ghost dow dipping 144 points and s&p declining but the nasdaq tumbling 1.69% oh, man, the tech now. companies that revolutionized the internet and allowed the economy to function during lockdown, they saw their stock sink under their own weight. meanwhile, the auto makers and home builders along with the chemical companies, copper producers and credit card outfits and cruise lines, the consistent operators are struggling now the spore adic boom and bust stocks are on fire why? it's all about optimism, people.
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investors are voting with their feet they are leaving secular growth stories, whether the companies are running hot or cold and finding ways to stocks of companies that only make big money when business is booming when to quote the great judy garland, people forget your troubles, come on get happy. yes. they're betting we'll be able to rip our masks off and go back to normal and that's the crux of the market now how optimistic should you be about your portfolio and future? it's a tug-of-war for those who think we're too cautious they are the ones winning. are they right there is a lot that can go wrong if we get the south african strain and open too quickly, we could end up with one more covid spike if we're too vigilant.
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that's another reason. if the stimulus falls apart, that's a possibility in washington, that would take the wind out of our sails. president biden finally did something i've been begging the government to do for full year, put us on more footing they convinced johnson & johnson and merck to work together to produce more of j&j's newly approved one-shot vaccine. we have a private partnership going all out to maximize production but the president invoking the defense production act to speed up equipment, deliv deliveries and manufacturing. j&j can deliver 100 million doses by the end of may, not june with the other two vaccines from pfizer and moderna, that could be enough to get us back to normal in the next few months okay that is pretty optioptimistic rather than speculate, let's go right to the source. let's go straight to alex, the chairman and ceo of johnson &
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johnson to hear more about this deal and what it means for the fight against covid. welcome back to "mad money." >> jim, great to be here with you. >> alex, this is an historic day. we've all waited for the wartime footing our nation needed to be on j&j understands that better than anyone as do you, a veteran. tell me what happened today that made it so that we really are in a chance to be able to maybe end this thing sooner than we thought. >> jim, extraordinary times take extraordinary effort and after this weekend when we got a vote of approval from the fda advisory committee and the advisory committee from immune practices cdc giving us the go ahead, we signed an exciting government with merck and the united states government announcing we'll be doingiing en more to accelerate the production of the vaccine candidate for covid-19 so what this means is that
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americans are going to get shots in the arm faster and we're very excited about the potential impact that this can have overall on the situation, and, you know, i think it's another testament to the potential that this vaccine truly has. >> now, you have been operating, correct, 24/7 to be able to get people these and now you're apparently moving, pulling up to 100 million for may instead of june >> well, jim, what we're doing is we've been working flat out as you know. it hasn't only been for the last several weeks or months but for the last 13 months ramping up a production facility to go from zero viles to 100 million viles in the first half of this year is a huge undertaking. and we pull together a very extensive network of internal and external partners of other suppliers, both here as well as europe and another location throughout the world and that's given us the confidence and frankly the capability to ship
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the 4 million doses that we're in the process of doing literally as we speak. we know about the commitment to deliver 20 million by the end of march and now working with merck and the government, we're working on this goal to accelerate even further the supply we'll have in the coming months. >> i want people to understand j&j and merck are rivals when i say rivals, more than army, navy you guys have never done anything together. this is not something that is in the playbook for peacetime this is a wartime coalition. >> the real wartime is covid-19. i can't think of a better company than merck they have a strong reputation in the bio pharmaceutical industry. the culture, the leadership of the company starting with ken frasier and now rob and all the way through their team we think it a great partnership and collaborating and we have this opportunity again, it's going to add considerably to the
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capabilities near and in the long term. >> we want to congratulate what pfizer and moderna has done. they have different formulations how important is it j&j's formulation does not require dramatically cold temperatures in order to be able to work? >> jim, we think it's important. they have done an outstanding job and we have three vaccines to out the supply and all three are ramping up productions as we speak and each one have different aspects and exactly how they can and should be used and we think the requirement around refrigeration is an important one. i know pfizer has worked recently to make that even easier and certainly we're excited to know ours can be used in standard refrigeration so
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rural areas, those can be very important and it's all about getting more vaccines available, more shots in arms. >> let's talk about that, alex we know we're not going to be safe as a nation until mexico gets it, until latin america gets it, africa gets it. you're prepared to go flat out that long to be able to be sure with your colleagues that everyone gets it, that billions of these are made. >> jim, this is a global pandemic and it's going to take a global solution. we're absolutely committed to that we realized early on that unfortunately the nature of this virus is that we are only strong as the weakest link in the chain and so it's absolutely essential for us to get as many people vaccinated around the world and what we seen especially with these veryariants and mutations, every time another person is infected, you can have a few more clicks that the virus is slightly different and exposes more people. so the sooner that we can get these vaccinations spread out and that's why we're committed obviously here in the united
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states, consistent with everything that we've talked about, we're going to be working with europe, as well, to get vaccines out in the coming quarters we're also working with the bill and melinda gates foundation and other organizations to help the developing world so yes, you know, it's our goal to have a billion doses by the end of this year and hundreds of millions of those will be in other parts of the world. >> and how about the fact that the department of defense directly involved, wartime production act, president biden getting the whole federal government but particularly this branch that we all trust involved in the process? >> well, look, jim, as someone that served in the military, i certainly feel a very fond kinship to them but what i can tell you is this a war this is a war against covid-19 and we've got to marshall all of our resources and that's why i think it's so great to see partnerships between companies and public pri-private partners and the fda, cdc, nih and
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defense department involved. i think the more that we really bring these kind of resources and capabilities and expertise, most importantly leadership together is when we're really going to make strides against this pandemic? >> in johnson & johnson's case, how much do they make? you don't understand the company. the company is about saving people's lives and has a long tradition cooperating in unusual circumstances including general robert wood johnson and decided he had to take part in the world war ii effort. that's the nature of your company. >> right, jim, this goes back to the very founding whether it was 1919 when we produced masks for the spanish flu pandemic and robert johnson got involved to work with the government to share best practices from johnson & johnson and other civ civilian manufacturers with the government to help in the war effort and this exemplifies we
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know a company of our size, scale, and diversity bringing a vaccine like this that we need to make sure the cost was no barrier to access and as we said earlier, we've got to make sure we can get this out to as many people as possible right here in the united states but also around the world and that's why we're doing it not for profit basis. >> i want to point out i fortunately -- this is the only time i'll say this -- over 65 so i got it but the way j&j works, unless you're filling -- unless you're part of a state that says you're much lower, you're not taking it until you can, correct >> correct. >> nobody -- you're sticking by the rules but you have to hope a certain point, maybe in new jersey or pennsylvania they lower it to 55, then 45. we get that down, correct? >> well, jim, i think the important aspect of this, what i'm really encouraged about by the information being released by us and the vines that we're going to be providing in the
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coming months but also by pfizer and moderna is that we are going to get to the point where we will no longer have a supply issue. you know, right now the challenge is that the limited finite supply, some of the recommendations coming out of the cdc regarding who should and shouldn't get vaccines at this point puts a constrain on. once we have enough supply, what can happen is we can lower the age requirements and guard rails in place understandably so and we can get more vaccines we can go through the stadiums, the centers. we can get out to more of the pharmacies, the communities. particularly under served, we need to make sure we're reaching throughout and doing a better job and when we see that, i know we as a country coming together marshalling the resources we can make a huge difference in the coming months and put a significant lift in the number of people we have vaccinated and therefore and where we are in
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fighting this pandemic. >> alex, you're a realest. so i'm going to ask you a tough question you can guide me i'm feeling very optimistic with the capabilities that you're talking about and the capacity boost that we can see an end to the pandemic in the spring am i being too optioptimistic >> i'm a realest the next couple months will be critical in the ultimate curve of the pandemic. i'm hopeful with significantly greater numbers of vaccines. i'm hopeful that we're seeing the distribution system, administration system really start to build some infrastructure and get more capabilities in place. i'm convinced that as we educate more people that people will be willing to get in line and to get that vaccination and when we do all those things, i think in the coming months again, we'll see a significant difference but we have to stay vigilant
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if people let down their guard and even if we get vaccines, we can see surges later in the year we have to remember this is a long term fight but we can make a lot of progress back to a new kind of normal i know we're really anticipating and looking forward to. >> i'll take it. i want to thank the great people at j&j starting at the top for doing what you're doing. thank you chairman and ceo of johnson & johnson. >> thank you, jim. >> stick around. i've got my exclusive with canape growth and with public service enterprises. i'm proud of j&j stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com. or give us a call at 1-80
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. now that the electric vehicle spacs pulled back from their highs, i think we can afford to be opportunistic excel fleet can transform fossil fuel powered trucks into hybrids as they are manufactured with a fully electfied version on the way. they have gigantic customers listen to the names, fedex, coca-cola, verizon and new york city i recommend excel fleet in mid december when the stock was $15 and change but i begged you not to chase it above 20 it spiked to 19.54 thanks to the recent sell off, the stocks were down to 16 again and that's after today's 7%
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rebound. it feels like when we spoke to henrik fister before his stock jumped 32% the next day. don't take it from me. let's check in with the founder and president of excel fleet to get a better sense where his company is headed. welcome to "mad money." >> great to be here, jim, thank you for having me on the show. >> todd, you have something exciting at the end of february you announced a partnership that to me sounds like the template what can happen with excel fleet. you can explain so they know how powerful and potent your company is. >> thank you very much, jim. we announced a 1,000 unit charging facility. it's an amazing opportunity. it's located in new york about seven miles from jfk airport there is a tremendous amount of need for elect fa case solutions and charging in the area to move people and move cargo and so this enables the arena to have
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charging stations for their fans when they come to games or when they go to concerts. they can charge their decteslasd at night when facilities aren't in use, which is most of the time they aren't in use, we can use that charging infrastructure to support fleet vehicle elect rapidly reduce the cost and provide local businesses with a plug in hybrid and all electric vehicle solutions. >> it's hard to quantify exactly what this might mean to climate change in the air but let's extrapolate. let's say you do this, this is the temp template. what carbon emissions can we expect >> cars have the largest emissions in the united states and with the hybrid system by 20%. the plug in hybrid can get 20,
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30% and all electric gets you to 1 100% we can have commercial fleet in the u.s. and this playbook that we developed with ubs arena really is teed up for others and we have a number of other deals like that in the works so if you're looking for a leader in sustainability, reach out. we'd be happy to help you solve the problem. >> at the length in philadelphia they have wind mills at the top of their parking that's not nearly as effective as what you're talking about, correct? >> we're talking about pretty major infrastructure here. 1,000 charging stations is the largest deal that's ever been announced for these types of charting systems the next largest deal that's
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publicly available for people to charge is about -- a little over 130 stations so we're almost the next largest station in the united states. >> i know when you're on the road what do you see in the cities you see fedex trucks, coca-cola has their own. they have the daily delivery that they talk about pepsi co these are all customers of yours. >> we have over 200 fleet customers across america we're in 39 states, everywhere but alaska we're selling to municipalities and hospitals, ambulances, shuttle buses, school buses so we have a very good accomplished customer base. we have the lowest cost and broadest offering of hybrid and plug in hybrid products for the vehicles and bringing all electric solutions to market we announced an all electric garbage truck program with curb tender who provides the body for those vehicles and there is more
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programs on the way. it's the full offering and the infrastructure side of the business is a challenging problem. this is one of the biggest challenges facing commercial fleets it's not like the consumer market when you try to plug in 100 vehicles at the same facility, you're causing a significant amount of challenges for that building and we launched a new division called excel graid wit a great leader and ge and power and investing and it's an amazing opportunity to provide on site solar, power management, clean electricity while electrifying the vehicles. we're in a great position to take advantage of a huge market that is just absolutely taking off. >> one last question, todd there are many spacs that come on they are dreams. you have real revenues and a path to profitability, correct >> that's correct. we're growing quickly and off to
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the races. this is a tremendous opportunity. we're selling thousands of units. over 4,000 on the units on the road now and we have about 150 million miles on the road. maybe are in teens of our competitors. we have a great number of units going out the door and this is taking off. >> this is working sustainability does start with you guys i like that todd heinz, really great to have you, sir, thank you. >> thank you very much great to be here. >> there is a lot of speculation there are companies that may or may not make it and real revenues and a business plan you heard about the ups situation. does that not sound terrific i know they liked that and goes to the hockey games. "mad money" is back after the break. >> announcer: coming up, cbd is the new sop for millions of
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americans looking to relax could canape growth give your portfolio a healthy green glow cramer has got the ceo next.
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we seen some crazy moves this year, but nothing comes close to the incredible rise and fall and maybe rise again, who knows of the cannabis cohort after democrats swept in early january, the weed stocks blazed higher and got another boost from the reddit revolution and the group peaked three weeks ago and plummeted back to earth. the canadian grower that's my favorite name because it has deep pockets thanks to a huge partner. they have a foothold in the united states for the cbd business including the beverage i'm holding up now that they launched today, yes, quatro and
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will swoop down from canada in a heart beat if relegalize it. canape was up 130% and pulled back from 56 to 35 and erased most of the move it up 43 ma% for the year let's look with david kline, the ceo to figure out what is next for his business welcome back to "mad money." >> hey, jim, nice to be here. >> i got the new drink, the cbd infused sparkling water. some drinks really capture the imagination. i'm thinking what happened to sparkling truly, we know that is a big hit. can this possibly follow in the footsteps of that? >> yeah, jim, you know, we launched quatro a few months ago in canada. it's the number one ready to drink cbd beverage in canada and illustrates our playbook where we want to use insights gathered across north america and use our innovation and capabilities to develop amazing products
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we test them out in canada for a bit of a test and learn process and we bring them to the u.s. with the help of constellations distribution as soon as we can. >> david, i'm so glad you're here to be able to explain this because this is not an easy drink to make. i've been backing you guys because i knew at a certain point this -- i remember because bill told me and then rob before that that it's very difficult to make a really tasty cannabis drink even more difficult eventually to make a cannabis drink that has thc in it and distribution near impossible unless you're someone like constellation. >> that's the power of the constellation partnership that we have. they have really strong routes to market. they, of course, know how to make drinks and been helping us every step of the way, which really goes well beyond the balance sheet support that consolation has given us over the years. >> i have to believe the competitors which everyone seems to think is equal lack distribution and lack a large
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partner that knows a big food and drink lab that can make good tasting drinks. >> yeah and look, we proved this out with the bio steelers sports nutrition brand starting to hit the market now with a ready to drink hiydration mix these are guys out on the street that think everywhere you see corona or madello, you'll see us try to tap into that more and more over time with the cbd drinks and ultimately the thc branded drinks when we can get them into the u.s. >> do we know what the equivalent proof is, so to speak of a thc drink >> look, this is something i think the industry has to land on, right? for a thc drink, if you want to
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equivalent to a glass of beer, two to 2.5 milligrams per drink. you can then have a few drinks and have that kind of beer-like experience one of the issues in the marketplace has been that there are a lot of drinks on the market that have maybe too much thc for the average user and we want to use our experience as a drinks company to really, really help educate our consumers around how they should be consuming these products because we want everybody to have a great experience. >> all right now, the great experience may be one of the reasons why you are predicting 40 to 50% compounded annual sales between fiscal '22 and fiscal '24 that would be the acceleration a lot of people are looking for. >> jim, that excludes our ability to enter the u.s. thc market that's just our base business which includes things like martha stewart branded cbd
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edibles and quoatro and our canadian business that includes thc. on top of that, the opportunity is for us to come to the u.s. into the thc market through the partnerships we already have with the two large multi state operators. >> now, at the we gbeginning ofe call you sound quite bullish creating a unique window of opportunity to advance cannabis reform through executive action and legislation. that's a very bullish statement. you think still that's the case? >> i think it's we'll past time, jim and that's starting to become be common knowledge. two-thirds of americans live in a state where cannabis is legal for recreation or medical purposes and like when prohibition ended for alcohol, the agenda of how do we address
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social injustices and how do we create jobs and tax revenue? we're in the same place with cannabis and i think that you see our legislators are prepared to act we heard from senators widen and booker and schumer they intended to make cannabis legislation part of criminal justice reform but intend to move in this congress. >> one of the things you did talk about on the call was that the reputation of the industry of being boom burst already is something you want to avoid. i think you talk about the idea that really we have to accept it a growth industry but we got to deliver. not just you but everybody are we at that final moment where we can get out of the up 30, down 30 craziness because we want a regular consumer product group stock here. >> boy, i hope we're getting to the end of that, jim my experience is such that i mostly focus on how we drive a
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profitable business as we win over those consumers and so we're focused on driving up the revenue number and operating on a profitable business so investors can look at us like a real cpg company instead of a speculative business, which kind of is how this is playing out over the past few years. >> that's why i was so glad you were for consolation we'll get a regular one. you need to see the drinks in hand and they are here thank you david kline. david, it will happen, isn't it? >> good to see you. >> good to see you. "mad money" will be back after the break. these are empty, okay? i want to be sure. everybody understand that? they're empty. >> announcer: coming up, is this utility working over time to power up residents spending more time at home cramer uses his power for good and gets you answers next
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like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit i'm always on the lookout for high quality styles that get wiped out. for example, over the last few months, the utilities don't offer much excitement when the economy is about to roar back. the stocks do get cheaper and a lot of people like fixed income. consider the case of public service group, it's a major electric utility in the northeast and mid atlantic. 3.7% yield here and trades less than 13 times earnings and the company is in the midst of a long term transformation for
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terms to die vest in nuclear poe plants i think the utilities will be in favor as long as we seem to get out of the pandemic but we got to put some away and get good income let's dig diaper with the chairman and ceo of public service enterprise group to get a better read on how his company is doing welcome back to "mad money." >> good to be here thank you. >> utilities, different power that they might want to sell they get out of that and suddenly the worry i have is done and that is pse and g, right? >> that's exactly right. we announced in july we would basically exit all parts of mer merchant. >> you do rely on what i think is a fantastic clean form of ennear gu but out of fashion in our country nuclear.
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are you worried the new administration might be pronuclear or issues involving certification that seem unfair given the fact that you really should be giving credit for clean energy that they generate? >> fortunately, i'm hearing just the opposite, jim. i'm hearing that the new administration recognizes that even though the nation gets only 20% of its electricity from nuclear, it represents more than 50% of the carbon free energy and they will embrace more technology neutral carbon free approach that should put existing nuclear in a better place. whether or not we can get something through congress remains to be seen. >> right it's funny wind was offshore wind was notoriously expensive and now cl -- nuclear power was expensive. they have all those problems at southern but the cost for your wind project has come down so dramatically that i got to believe you might want to exercise that 50% ownership. >> well, that's a very good
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point. the cost for offshore wind is coming down. some of the earliest projects were $200 a mega watt hour the project in new jersey is $100 per mega watt hour and that's about developing the domestic supply chain to support the industry it's a brand-new industry so that supply chain doesn't exist so some work arounds are having to take place as that supply chain gets developed, the supply chain will drop. >> some think windmills don't look nice. if i'm in cape may, do i see giant wind mills when i go swimming >> no, it will look like peach fuzz it's 16 miles away from the coast. while they're large, they're about 300 meters in height at that distance it will look like the fuzz on a peach. >> let stick with the peach metaphor how about peach bottom i've been do the great nuclear plant. are we okay with that given the fact they are starting to get pretty old
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>> so peach bottom is a great plant run by exlon and they will go to 80 years of operating life nuclear plants are constantly being refereshed and refurbished and we replace equipment that's lived beyond its life. you shouldn't think of the whole plant as wing multiple decades it is tremendous attention given to detail. >> this is not a political showdown the previous president didn't share climate change that's something your utility always embraced. did you feel pressure to become less clean during the previous administration >> not at all. we knew the science, 120-year-old old company we're not going to be influenced by a few years of consistency.
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i'm not trying to make a political statement here really focussed on one issue and science behind it. >> i was agassed what happened in texas immediately i heard it was the wind mills i dug deeper and it wasn't the wind mills at all. do we need to get ready for a texas situation, which is a worst case >> it is a worst case. we had a near texas situation in 2014 when we had our own version of the polar vortex. as a result, after that, we did a tremendous amount of winterization of our power plants above and beyond the winterization that we've always done and we have two other fundamental distances in the northeast and mid atlantic region in texas. we are well integrated into the national grid this this part of the country. texas is not as well integrated so therefore the ability is limited in texas the design and power market in the mid atlantic and northeast
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compensates plants to be ready to run, whereas in texas they are only compensated when they run. that insurance payment that's paid in the northeast and mid atlantic markets helps support the maintenance of plants so they are always available in times of crisis. >> you have to, by the way, spend a lot of time on maintenance but also had a pretty amazing record on dividends. i always tell my friends listen, i can't change stocks but if you're mad at your electric bill, go own the stock your record of dividends >> 114 years without missing a year. >> there it goes to me, that's the story. the chairman and ceo great to have you on the show. >> thank you. there is room for all sorts of different kind of stock in the portfolio. it doesn't always have to be a rocket it can be a yield. "mad money" is back after the break. >> announcer: coming up next,
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it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightning round is over are you ready ski daddy? time for the lightning round start with gabrielle in new york. >> caller: hello jim
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i wanted your opinion on something. i bought a new stock about a month ago. it looked like great prospect but it been hard to get any information about it at all. bgnt. >> that was a spin off and i've got to tell you, i got to learn more about that. cybersecurity and you know my favorite is palo alto, panw. let me do more work because that's a new one let's go to quinn in idaho quinn. >> caller: boo-yah, jim. >> boo-yah >> caller: hey, i found a great one, i believe i wanted your thoughts on it bwa. >> bingo you have got it. absolutely and by the way, let me throw in magna as another one i like, automobiles are red hot and you've got a good one, jack in ohio, jack >> caller: hi, jim, my wife and
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i watch your show religiously. >> thank you. >> caller: we thank you for all you do. >> thank you. >> caller: we love your show. >> you're very kind. thank you. very gracious. >> caller: appreciate it i need your help on two stocks i hope you can do that the first one is zillow and then the second would be oracle. >> oracle is a very inexpensive stock with a good balance sheet. zillow happens to be on fire and that's one of the best conference calls it's come back down and i think it's a buy it a good strategy for buying homes. i think the rates can't go up a lot. i think you're okay. dianna in michigan, dianna >> caller: hi, cramer. >> hi, dianna. >> caller: my stock is pfizer and doing a great job with the vaccine? >> they are. i like the doctor very much. stock yields 4.5%. just doesn't have a lot of mom momentum is it an okay stock to own absolutely is it the stock i like in my
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portfolio like bristol myers it will do better than pfizer. let's go to thomas in pennsylvania >> caller: jim, how is it going? >> not bad how about you? >> caller: go birds. >> thank you. >> caller: i messed up, man. i made a bad decision. i didn't listen to my advisor and bought a stock you told me kno not to buy and i'm down 15% and need your help you got to help me with incy. >> wow, that's a tough one speculative and didn't hit some of the drugs it had. not really worked out. i don't think -- i don't know down 10%, $17 billion company i want to sell it here but there are issues with the company. it's not doing as well as i'd like and this whole group is under a lot of pressure. look at seattle gen. let's go to matt in massachusetts, matt? >> caller: hey, jim, boo-yah it's me and my favorite trading
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partner kitty and look, the cannabis stocks are so volatile up and down all the time. >> yes. >> caller: they are a manufacturer. >> i know. and that's a good way like grow generation i went for grow generation but i have been really been saying i know people don't want to hear it but i believe that canape is the best grow generation, we caught a quadruple in that four times 15 and then it was enough and that's all right that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td amer ameritrade >> announcer: coming up, an electric gold rush and a crude reality? cramer is digging into the future of energy next on "mad money.
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now california phones offers free devices and accessories for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit a dozen years ago i sat on
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the world's only natural gas powered motorcycle and i thought i saw the future the ceo of chesapeake energy had built from the ground up a prototype because he was on a mission to make natural gas the cheaper, cleaner bridge fuel that would help us transition from oil to renewable's. he had faults but when it comes to natural gas, he was a visionary. 15 years ago they thought we'd have to import it. he saw the shale revolution coming and took us to ohio to drill for oil in the shale we only found natural gas, though aubrey was confident his motorcycle would mark the end of oil because that gas was more comp compressed it never happened. five years ago, aubrey died in an accident. the largest oil company in the world announced it's adding a brilliant activist to the board of directors because they want somebody to move up.
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exxon is the essence of gasoline but when i look at the board, you have a couple people that believe in climate change and gasoline's days, let's call them numbered the rejection of fossil fuels is impossible to deny and green hydrogen plays it never got there the number of spacs devoted to electric vehicles is astonishing ex and the major auto makers on board. the ceo of gm has plans to dominate the entire electric space, the future of the automobile industry is electric, when not if. when exactly is when the oil companies tend to think this future is so far off they can afford to drill and pump and build out the current infrastructure and worry about l w -- the wells running dry. they have so much momentum will be surprised by the speed and make up 3% of the vehicle. i bet that number can double and
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double again in the next decade. since last year i've been warning you the fossil fuel stocks are uninvestable. money managers care about the environment don't want to touch the oil stocks the price of crude had a remarkable comeback and that's from the saudis restricting production and worries the biden administration might crackdown on drilling with governments taking climate change seriously that's a black market against the engine when aub rey showed me natural gas fueled motorcycle, he had no timeline for when it take over, 2030 is their year when i see the money flowing into the alternatives, it's clear the age of oil is coming to an end, only we won't need a bridge fuel. we're jumping straight into eletct electricity. it's inevitable and exxon is trying to jump on. the explosion of e.v., electric vehicles is the real deal and happening far faster than anyone would have believed a few years
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ago. i can still make a case for a pioneer natural resource that's a great company or chevron for that terrific yield. this group's day in the sun, it's over and there is no turning back the clock 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 cramer see you tomorrow "the news with shepard smith" starts now the president warns, stay safe follow the guidelines. covid isn't over and two governors open their states wide up i'm shepard smith. this is the news on cnbc a semitruck crashes into an suv in southern california police say 25 people inside that car. >> there's not enough here there are numerous people ejected onto the roadway. >> more than a dozen dead. now piecing together what happened. governor cuomo, a third woman accusing him of sexual harassment

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