tv Mad Money CNBC March 16, 2021 6:00pm-7:00pm EDT
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>> i'm nfting that thing and going to be a gazillio my mission is simple, to make you money i'm here to level the plays field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job is not just to entertain but to educate, to teach so-c call me 1800-743-cnbc or tweet me @jimcramer. betting against the end of the world is a sucker's game
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the next time you think the world is ending, you have to assume it isn't. i want you to take the other side of the trade. i want you to bet against the end of the world now, on the anniversary of the worst part of the covid-19 crash, we got to think about something. we have to think how this market managed to surge to new highs. even if it dipped this afternoon, the dow slipping 128 points s&p declining 1.6% and nasdaq edging up .09%, tech heavy nasdaq, excuse me. we know it is easy to succumb to panic, which is what happened on march 16th last year when the dow dropped nearly 3,000 points. and the s&p gave up 12% in a day, closing the day down 30% from the 2020 highs. only nine names in the s&p
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finished in the green. i was freaked out as anybody else and spent the previous months screaming at the top of my lungs about the danger of the pandemic i said how it could destroy whole industries and the government was doing nothing i want you to look at this clip from the end of the show one year ago tried to be constructive this evening but i want to be sure you understand my view okay not only are we not out of the woods but man, if you're in travel, leisure, entertainment, restaurants, okay, hotels, aerospace, bad all right? bad. i don't have anything good to say. i don't have anything good to say since the super bowl and i redouble my nothing good to say. >> redoubled not anything good to say the question is that a misread of the situation absolutely not if anything, it was the opposite see, i was pleading with policy makers to do something, to think big because this was a major
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horrendous crisis and we didn't have time for the usual partisan bickering. i wanted action. the time had come to park the waters and the waters had to be parted by the president, the treasury secretary, the speaker of the house, the senate majority leader and most important, the federal reserve what's amazing is that the seeds for the turn around were planted in the 24-hour news cycle. the same night the fed went to the air waves and called for a 1% rate cut. a huge round of bond buying. a slash in the discount window so desperate banks could get capital, all of them and a coordinated action by central banks all over the world to fight the collapse in economic activity these were all huge positives so we got to ask ourselves, wait a second, why did the market flip out and crash the next day because wall street listened to
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a special sunday edition of jay powell and jumped to the conclusion things must be much worse than they look otherwise, why make drastic moves in retrospect, the market was remarkably dumb. also, this was another one we got two big pauses that day that were completely overlooked. they were asterics as they held the keys to finding the bottom, first, analysts learned tesla would have plenty of capital on hand and the company would make the numbers despite the production shutdowns that news shocked the skeptics and caught the attention of what's most important, a new generation of investors, individual investors who are about to get stimulus checks put their money where their mouth is similarly, a little biotech outfit called moderna. it announced that their vaccine candidate had blocked the virus. big trial? one patient. stock soared 24% over the next few days, treasury secretary mnuchin worked with
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congress to put together a massive stimulus package much larger than anyone could dream and market went up and down and up and down. it clear we'll get a package deal after that the market remains skeptical. we didn't bottom until a week later when congress passed the package and chairman powell went on "the at the show. his key line we're not going to run out of ammunition. that doesn't happen. you know what? that was it. today's show, ever since this market has run up practically in a straight line it became clear powell wasn't kidding and he backstopped corporate bonds so troubled companies could keep borrowing money and wouldn't go under. wall street stayed skeptical as many high profile hedge fund managers royaleded the market wh their own negativity but when individuals got the stimulus checks from the government, many
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opened accounts at robinhood and went to work doing one thing, pretty much and one thing only they were buying what the hedge funds were selling i've done a lot of work on that period including talking to the trading desk and the people behind the scenes at the largest companies that were involved in brokerage and these legions of new buyers went for what a lot of people felt were the most dangerous stocks imaginable. they just sat there every morning, some of them starting at 4:35 a.m. and bought the cruise lines they bought the airlines they bought the stuff i talked about was super dangerous and of course, they bought tesla. their buying was relentless. it seemed foolish since smart money was betting on the end of the world. the rest is history. the government more or less did its job putting a floor in the scientists delivered moderna that stopped one person from being infected a year ago, turns out it worked for millions
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with the similar two shot combo from pfizer. moderna is working on a pediatric trial to protect the last group, the children this was never a financial crisis it was always a public health crisis you keep the economy on life support until the pandemic is solved you get to the promise land. that's what a week ago last, what the week was last year. that's what it was about of course, there is a ton of cosmic irony look at this this is today's "wall street journal" front page and it does make me nervous. i got to tell you that it's the exact opposite of what they printed a year ago. air travel shows signs of turning a corner here is another one, thanks eye cash reserves for profits. this is the single most positive piece the "wall street journal" published about the financials how about this one housing boom is different. it's a story that explains how the current boom is fueled by home buyers, not like the 2000s
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when it was financed by debt and you want levity? we got it. tesla crowns its new techno king about elon musk. he felt compiled to file with the fcc to make it official. if he did that a year ago, they would have a panic attack. when the looks like the world is ending, you have to bet it won't end but there is a flip side sometimes you get moments that are too good to be true. if jay powell saw a depression, maybe one day we'll see an over heated economy coming in and head that off by slamming on the br brakes i doubt that is happening any time soon but he won't tighten until he sees -- he won't tighten the first sign of inflation. the fed has done that and failed powell is much more dovish since the hate rakes in 2018 did he ever learn his lesson is the bottom line your lesson is clear when our policy makers actually learn from the past and our scientists work their magic, then the darkest moment really
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is just before the dawn. and the light at the end of the tunnel is genuine sun. not that of an oncoming train. i need to go to raymond in california, aymond. >> caller: hey, jim boy, boo-yah. this is ramon from california. >> tell the truth, what do you got going? >> caller: i first like to thank you for doing everything you do to help us investors in this big thing we call investing. >> thank you. >> caller: my question is on sun co snko. it reached a 52-week low and it been on a tear since with the latest earnings beating and it gave 52-week high of almost 20. >> right. >> caller: jim, do you think this stock could double -- >> look, the numbers -- it's unbelievable jp morgan boost turned this on but more importantly, let me
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tell you what happened there are a lot of shorts. guess what goes on you get the picture. holly in new york, holly >> caller: hi, jim thank you for taking my call. >> of course, holly, how have you been >> caller: very good thank you. but i need a little help. >> all right. >> caller: i bought workhorse on the way up, and on the largest pull back year to date, the market had. >> yeah. >> caller: the news came out that united postal service gave the contracts to another company other than workhorse. >> i know. >> caller: yeah, terrible. in addition, there's now a class-action lawsuit being filed against workhorse. my question to you is do i buy into the weakness -- >> no, holly -- that was a big -- they didn't get that contract was big the most important thing workhorse i regard as a show horse has got, it is in 25% short position on any good news, it can rally i just don't know what the good
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news will be and that's why i invite dwayne hues to come on the show and tell us why they didn't win the contract and how maybe they can get it back okay, it's been a tough year but betting on the end of the world is a mugs game on "mad money" tonight, as the vaccine rollout continues and more economies start to reopen, could a company like dow be reopened the giant chemical company i'll talk with the ceo despite what david favor might tell you yesterday, i was lucky enough to be the first journalist anywhere to ride in a lucid air. i'll tell you whether it bodes well for the stock and wear your seat belt in the back next time and high end retailers have been riding higher since the late 2020 could they stay in fashion in the market i'm going off the charts to find out so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets.
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a year ago today as i said at the top of the show we experienced the worst decline in the history of the dow jones industrial average and s&p as the last holdouts freaked out about covid. we spoke to the ceo of dow inc the giant chemical company it was down 60%, he told a very optimistic story about the resilience of dow's business in a top environment, enough cash to pay the dividend which was an incredible 12% and put his money where his mouth is and bought nearly $2 million from dow stock personally i sure hope you're watching
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because that was exact bottom for the stock. since then it nearly tripled and i think the future is bright let's check in with the chairman and ceo of dow inc to get a better read where the company is headed after the bullish presentation for jp morgan industrial conference. welcome back to "mad money." >> jim, good to be here and congratulations on 16 years of "mad money." >> thank you, jim, thank you very much. i want to congratulate you oncoming -- one of the reasons why we have a show and it been going is because we have people like you come on when everyone else is saying it's the darkest day ever, dow going to cut the dividend, you came on our show and you said look, i'll just tell you, i'm buying nearly $2 million worth of stock haven't you known when all these great wall street guys seem to be confused? >> well, i got a team that knows how to execute and so we've got a pretty good eye on what is happening in the global economy and we felt good about where
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things were going. we didn't feel good where we were at the time but we felt we were significantly under valued and things were not as bad as they were going to be portrayed in the market. and we'd seen china come back from the pandemic at that point and get it under control and now we're starting to see that rebound in the united states third quarter and fourth quarter were strong and we finished the year strong more than 14.6 billion of cash and liquidity paid down $2.6 billion of debt and kept cost under control and supported the dividend and we're back to precovid levels now without the industrial economy really coming back at or without the service sector coming back at. >> i'm glad you mentioned the last because i get a little confused at the jp morgan conference here is a guy that says on march 8th, trough to breeak. thank you. today the cat is out of the bag. oh, i see. everybody knows it's good so
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therefore it's bad i look at it and i think you're huge in housing. you're huge in auto. we had a storm that benefitted you. the parts of the u.s. economy that are just beginning to be on fire or have been on fire are dow parts of the economy. >> they are. look, 25% of what we sell goes into housing and housing related purchases. that's up double digits. even home resales are up double digits here in the united states i think that looks strong. we don't yet have the industrial economy back yet, but look at autos year over year, our strong the trend towards evs is very positive alternative energy we saw a lot into is very strong packaging held up tremendously look at the amount of e commerce business in china, china has hit 50% retail sales through e commerce do you know the amount of packaging and adhesives we use
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is a big driver of growth for us i feel good. i think we as get people vaccinated and traveling again as a service sector comes back, there is another leg up on this and i still feel like the industrial economy, which really cramped down on cap last year still is coming back but it's gradual. they haven't really come back in a big way. we're seeing big announcements on evs we're seeing big announcements on alternative energy and semi conductor chips but we'll have more big announcements that will come through this year and that will pretend well for the back half of the year into 2022. >> this is a dow chemical when you think of ev, you should think of this company. when you think of semi conductors, you should think of this company and affinity re it launched sustainable able poy
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e eth ethylene. >> it's complicated. when you see the ad hesive that holds that together, more of the packaging drives that. the nice thing about affinity re that's maids with a bio degradable and a big driver of growth for us. alternatives, sustainability and it's a huge opportunity for us to accelerate growth in the future. >> one last question you have been consistent all along that you were going to deal with what a lot of people felt was the block hole of this huge plant we're hoping to make so much money but you've had to deal with time and time again but you always persisted are we where it can be cash flow neutral or even cash flow positive given the strength in
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uro eurothanes. >> it was positive equity earnings in the fourth quarter and looks like it will be that way in the first quarter it been running well and benefitted from the growth in asia and the fast recovery from covid, so we're in a position where we feel it's cash flow self-sustainable that's a $350 million a year tail wind for us from a cash perspective and i think we've turned the corner. >> i got to be thinking about last year when you were on 12% dividend people talked about you having that. i got to start thinking about you boosting the dividend buying back stock and your stock is too cheap. are these things in the cards or am i too hopeful >> well, first things first, i need to get cap x back up. i got organic growth invest ment to capture the growth and moved up 350 million this year and i want to make sure that we sustainbly grow into the
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dividend i need to grow top for shareholders. >> i hope you brought new ones in very few people came in and said this is a great time to buy the stock. you were probably the most mom innocent thank you one year later for coming on with the great numbers. always great to see you. >> stay safe, jim. >> it's still not expensive, people you see all these flying cyclical how about one that's inexpensive with the dividend, not others that we hope will come back. "mad money" is back after the break. >> announcer: coming up, could cramer give you the green light to invest in a spac name the ceo of lucid motors hops in the driver's seat for an exclusive interview. just ahead
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look, i've been warning about the spac attack for months in electric vehicle space but some of these spac names are worth buying in weakness take churchill capital the special purpose acquisition vehicle merging with lucid motors it plans to start producing gorgeous cars in the second half of the year. this one has two things going for it lucid motors is a legitimate company that will soon have an actual product to sell i saw it for myself and was wowed. churchill capitol stock has come down a lot it surged before we knew the terms of the deal and got cut in half when the reality couldn't keep up with wall street's exuberance that was stoked by inaccurate news stories. the stock is enticing. let dig deeper with peter, the ceo and chief tech officer of lucid motors to find out where this story is headed welcome back to "mad money." >> great to be with you, jim. >> all right, so peter, i took a
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ride in your car yesterday in the lucid air, and i echo many people when i say how can i get one? when can i get one because this is the most exciting technology delivery machine i've come across in years. >> thank you so much and we're nearly sold out. we just got a few reservations left and our run of 500 nearly sold out and we've got a very large proportion of our preorders for the following grand touring and our order book is filling very nicely so roll up you're missing out on dream edition. >> look, i got to tell you, i'm not sure exactly what speed i went, and how we slowed down and spun around. just tell us how quickly? because i think one of the things that's important you think you get long range performance or you get some sort of technology that does not offer that you know, we often have
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batteries that go long and the performance is awful you got them both, right that's what i saw yesterday. >> indeed, jim we got this unique fusion, this blend of performance and range and we achieve that through in house technology all the technology that under pins the car, the drive train technology of battery pack, a motor transmission inverter and the wonder box and the software that glues all that together is all in house and proprietary and gives efficiency and range. >> you're talking about a quick 0 to 60 and projected range that's much longer than a large scale rival? >> indeed. and versions of lucid air will achieve over 500 miles range on an estimated epa cycle. >> now, i know that you said you're almost sold out of everything if i were to pay $170,000 for a lucid air, when would i be able
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to get mine in 2020? 2021 i'm sorry. >> we're starting production from the purpose built plant in casa grande in arizona in the second half of '21 very soon now. >> i think it's important in terms of being in our great country, there are a lot of factories that get built and maybe 200 people in them there is almost no new green field factories that put people to work. tell us about your plant in arizona. >> i'm so excited about it because we've got a great team of associates working there. we're giving them high tech great jobs and a great working environment and we're bringing jobs and employment in high tech auto industry to the state of arizona. we've already got several hundred people employed. we'll bring on a second and a third shift as we progress through 2022, and we're already planning for our phase two of
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that plapnt, the expansion that will implement in 2023, which will take us to a capacity of over 85,000 units when we bring in the suv project gravity, hopefully in q 3 of '23. >> i think it's important for people to understand that unlike a competitor that a lot of people were worried about for years and years, the money you have now will get you to that expansion that you're talking about. >> indeed. this is an amazing outcome from our merger process with churchill capital. we secured 4 .5 billion dollars through the spac with an unprecedented array of blue chip investors and that secures the future of lucid. i mean, this is very interesting because that competitor was only able to secure several hundred million at ipo and look for
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fresh injections of capital many times and with this capital, we secure our future well into 2023 we can implement phase two of the factory in arizona we can add, you know, more than 2.5 thousand man pufacturing employees. we can bring all four trim levels of lucid air into projection and get project gravity well along the path to production with prototypes built and a lot of testing under our belt and then the sales and service and rnd activities that we have got a very clear runway with the security of funding we're in a very healthy position. >> you and i both know that the eternal combustion engine is a dinosaur you also know that you and i know that the demand for cars like lucid are big let say an apple were to come in would lucid have problems selling cars if the great apple
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came in? >> well, there's always room for new entries, and let's not under estimate the market. this isn't a market for evs. there is no such thing as an ev market this is a market for cars and evs will penetrate and completely fill that market for cars i'd welcome the competition with apple but ultimately, this is a technology race. tesla recognizes that. that is what differentiates the companies with by parts of the shelf take a commoditized approach to this lucid doesn't. it's all house only house developed and designed, manufactured vertically integrate your core ip only tesla does that today. >> right it's a privilege to be one of the first people to ever ride in one. it was probably the most exciting thing that happened to
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me in many, many years joy to have you. the ceo, cto of lucid motors. >> delight to be here, jim, thank you so much. >> what can i say? all right. i called it maybe the next tesla. a lot of people criticized me on twitter. you know what? i'll reiterate, it could be the next tesla "mad money" is back after the break. >> announcer: coming up, has the death of retail been greatly exaggerated? a sector that's been hanging by a thread may yet be worth a stitch in time cramer knocks his socks off next with a bang, energy and change came to every part of our universe. seismic or small, it continues.
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aftera counter trend day the red hot reopening stocks got marked down and crushed while recent losers regained footing this is the perfect time to circle back to high end retailers that put -- let's just say huge gains in the last five months and maybe get a chance to buy them a year ago as the whole world went into lockdown, we're dealing with retail armageddon. 2020 was the biggest for retail in history tons of iconic brands left for dead essential stores made out like ban bandits, everyone else got crushed. the second tier non-essential franchises with deeper pockets did manage to survive the worst part of the pandemic and once we started getting good news about potential vaccine candidates, their stocks exploded into the strikeat stratosphere in order nordstrom and a lot of companies were given for dead. now we're in a new world we got one of the best vaccine
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rollouts on earth. we're doing 2.4 million shots per day now. no more complaints now inferksctions and deaths ar down big some states are starting to fully reopen and i wish they should show more patience. i want more shots and tests but i won't gripe forever. we're seeing the light at the end of the tunnel as washington's stomimulus package comes in we know much of the money will be spent you have a terrific situation for the high-end retailers that's not exactly news. everyone saw this coming which is why the stocks spent the last few months rocketing into the stats to fear. have we missed the move? or is it possible that the luxury retail names have more room to run? only way to find this out is to go off the charts. to do that we're going to bob lang he's the founder of explosive
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options.net and the brilliant technician in the street.com newsletter and author of know your options, let focus on four of them that a lot of you asked me about, three of them one is a wild card. capri, that's how they pronounce it tapestry, louis vuitton. let start with the house of brands known as michael kors they also own jimmy chu and ver versace. the stock recently broke out on very high turnover look at this thing look at this and that means you have a lot of institutional sponsorship when you see this buying here when you look at the relative strength index, rsi is an important momentum indicator should we worry? let's look at the money flow that shows you whether big institutional money managers are buying and selling or buying or selling and look at this, it is
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sky high that's the cmf we like so much capri has the best momentum since the 2020 election. it's trading 55 and change it all 2018 highs are in the 70s. this is the stock that gets over bought but instead of being fearful, he says it stays over bought meaning he sees that it could revisit the old highs. that would be astonishing given the fact so many people had given up on these guys and thought they spent too much money at versace or felt brick and mortar how about the daily chart of tapestry you have higher highs and higher lows and that's what every chartest loves to see. i don't like when it goes p parabolic. they are up 24% year to date only $10 away from the 2018
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highs. meanwhile, the shake and money flow, look at this it incredibly strong money is just piling in. when the stock pulled back in january, that was your chance. these chances do happen. opportunity but then it knocked very quickly lang thinks tapestry is a quiet leader because the mack d, recently made this bullish crossover that we love right here black over red okay and this one is the most reliable pattern in the book i don't want to see this go back down i don't. what can i tell you. he's more bullish than i am. i've seen him on air not on our show unfortunately. that can change. all right. next up is one that you probably don't focus about unless you go to the store and see how much everything costs this is louis vuitton. it means french luxury, it means
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expensive in french like trey share. yeah that's what she said, marie anto antoinette anyway, i was almost surprised when they acquired tiffany because the rest of the business makes tiffany look cheap look at this can you look at this this is one of europe's best performers a 50% gain so far in 2021 lang points ocho up that lvmuy spent the first couple months just trading sideways, doing nothing, doing nothing, doing nothing that's called building a base that creates a coiled springs situation so now the stock is making a bold move higher, meanwhile, let's go mack d let's go all over the mack d bullish crossover. shake and money flow it's about as positive as it gets huge institutional buying. lang is betting big boys are not done a lot of people want a european stock. i think we found one i like michael santana there, too, but this one is wow all right. finally, let's go over one that
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a lot of people felt really was a candidate to just well let's just say oblivion and that's nordstrom they were fighting for its life right here i mean, this thing was a total todo, turn off the oxygen, not the dog. it's tough to keep a department store afloat during a pandemic you want to go there hoover, the moment we got bullish clinical trial data, the stock exploded higher. the darn thing tripled over the next two months. a lot of people were left behind on that and there were a lot of wall street diamond hands that got in there, i'm sure as the nordstrom rally got rolling in december, the chart gave you a golden cross. this isn't just any cross. this is a golden cross short term 50-day moving average. it goes above the long term 200-day moving average all right? golden cross technicians love it in january, nordstrom started trading sideways so figure it's
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done, right? no, it's digesting and making another move remember, i don't like stocks that go like this. i like stocks that digest, stair step and go higher lang points out that the mack d is flashing even after this run right here that it's going to go higher and it doesn't hurt the last quarter at the moment, nordstrom perched near the 2020 highs but lang is betting it can make a run at the 2018 peak. do you know that is 50% higher from here. man. that would be incredible i have to go to the store to see what is going on bottom line, the non-essential high end runners are on but bob lang suggests that tapestry, lvmh and nordstrom could have help thanks to the stimulus checks this group was running out of gas and congress agreed to pump $2 trillion in and now they're looking at another leg higher. nordstrom. this one kills me.
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how could i not see that coming? stay with cramer >> announcer: just chill out. >> chill man is in the house chill man be king. the chill man is in the house, be happy n. >> announcer: the lightening round is coming up when "mad money" returns ♪♪ ♪ now here we go ♪ ♪ i can't help it if i'm poppin' see them watch like ♪ ♪ who that girl ♪ ♪ it's outrageous how this flavour got em shook like ♪ ♪ hold up ♪ ♪ work work work it out ♪ ♪ ah ha ♪ ♪ i hit it back with a brand new style ♪ ♪ like woah ♪ ♪ bring it up into the fold get wild ♪ ♪ we turning up all the way on the dial ♪ ♪ like woah ♪ ♪ baby i'm fabulous so come on ♪ limitless possibilities. the boldly new 2021 nissan kicks. ♪♪ yeah, i mean the thing is, people like geico because it's just easy. bundling for example.
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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 lightening round. let start with jacob in florida, jacob? >> caller: hi, jim boo-yah. >> boo-yah. >> caller: thank you so much for everything you've done for young people like me and you helped me a lot. >> thank you. >> caller: so i have a question for you. there is a company that has been majorly hit by hedge funds and as well as partially by china and now because of the big competition the ev makers, so i would like your impression about np. >> i've had np on several times. i liked them very much the stock had a big move up but i think sit a terrific situation. wait, are you kidding me
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i need lane in michigan now, lane >> caller: jim, thanks for having me on the show. >> of course, what's up? >> caller: i'm calling to hear you feelings about my long term holding of duke energy. >> i'm absolutely fine with it and i must be going over on another segment. it looks like its the end of the -- uh-uh no, i left more time that's why we're going to take oscar in california, oscar >> caller: hey, jimmy chill. love your show. >> chill man here. >> caller: i'm calling for hpe. >> i can't believe this thing has come back and gotten new life and i got to tell you, i like what's happening at the same time, i'm going to tell you it really already has happened it's up 32% time to go and that, ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightening round is sponsored by td ameritrade coming up, this company could be the one thing standing between
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get grab strike, the crowd based security after the close with an amazingly quick run to $1 billion in sales the stock was down 22% but roaring in the after hours and could have more room to run. let's take a closer look with george kertz the man who called out microsoft systemic weaknesses in the authentication architecture as a reason for the ease with which a threat actor was able to compromise our nation's security through the solar winds hack let's learn more about the quarter and his company's prospects. welcome back to "mad money." >> good to be here, jim. >> george, first congratulations. it's a very big deal to reach the billion dollars mark very few people and companies have been able to do it fast enough, of course, revenue is the number i'm referring to with the likes
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of pfizer. with the likes of proctor and gamble these are big markey names why are you winning? >> jim, we're winning them because we've got the platform that works and stops breaches and more importantly, we've expanded outside of security into some adjacent and that's what customers are looking for, scaleability and lower cost, better effectiveness and the reduction of all these other agents is too complicated in their environment. too much overhead and plain and simple, they want technology that just works. >> so you now have 58 of the fortune 100 and you've not been in business for 50, 6 0 years. it is a tremendous number for the short time you've been running the company. >> it is and we've certainly made our name in the enterprise market we got some of the largest financial services companies in the world as many other industries but the beauty of the platform that we built falcon is not only can it protect the
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largest enterprises but it can protect the smallest snbs and the reality is these small customers, they don't have the expertise. they're still under attack ransom ware is as bad as its ever been and we can provide industrial level security to even small coursustomers and se that with the acceleration in our customer growth. >> have you been able to stop the pandas and the bears >> you know, that's what we do every day. the crowd strikers get up and get out of bad and everything in between. >> those are the names you use you gave some pretty controversial testimony in front of congress. where you basically said something told me behind the scenes and unwilling to tell me on camera and that is there are actually issues when it comes to microsoft. specifically when it came to the solar winds hack
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tell me why you're brave enough to go in confront of congress a tell them what you say behind my back and everyone else's but here it goes. >> if somebody asks my opinion, i'll give it to them i've been doing this for almost 30 years and wrote a book on the topic. it's what we've seen these are technologies that have had problems for many years and it comes around the authentication process i highlighted some of these authentication by passes and directory problems when we do incident response, you know, the vast majorities ot the flaw and exchange servers, over 250,000 customers impacted. where are these happening? they are happening on microsoft technologies and customers are looking for other ways to protect the systems rather than just using microsoft technologies. >> i admit george to be confused if i were to buy a car and it gets hacked by one of the bears, if i were to buy a washing
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machine and it would break down like this. even if it had a great brand name i wouldn't tolerate it why with reare we only discovers in front of you? >> i think it's an area where maybe people don't like to talk about it or there is hand waving in the sector are you the reality is you can try to do all the information sharing you want if you have a problem in some of these core technologies, you have to get it fixed whether it's us or microsoft or anyone else, i think we're all trying to do the best for customers but if we have a problem, we've got to point it out and we made a business of being able to protect microsoft technologies because of what we've seen in the threat landscape. >> you know, we had kevin on the other day from fire. one of the things he said it time to play tough if you were with president biden, would you not say, you know what? no more. we got to tell these guys, we know who you are and we're coming after you if we see it again because you do know they
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are in your testimony, in all your documents, you even know exactly where they're coming from isn't it time we fight back? >> i do think there needs to be a response which is communicated, you know, publicly as well as behind the scenes and we do this now and the physical world, right if there was an escalation, there are norms how the u.s. would react as an example and there needs to be cyber norms so that you realize or eadversarie realize there are costs and consequences if you're going to attack the infrastructure, companies and governments and undermine, you know, our digital lives and, you know, let the politicians work on doing that but it is important to set the ground rules so that people know where they stand. >> you know, i'm going to leave it there because you have become to me the authority because you're not owned by anybody and it really quite impressive fabulous numbers amazing growth george kertz, congratulations. >> thank u you, jim
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always a pleasure. >> this man tells the teeth, ceo of crowd strike. one of my favorites. this one is a great one. i like to say there is always a bull market somewhere and i promise to find it just for you right here on "mad money." i'm jim cramer see you tomorrow "the news with shepard smith" starts now voter fraud allegation in a high school. an assistant principal mom cries of a stolen homecoming election setting all the wrong examples that's coming. but, first, new moves to get us vaccinated. i'm shepard smith. this is the news on cnbc the rollout time line. >> we need to open up vaccinations even further. >> as more states expand vaccine eligibility. gauging how the biden administration can meet its goal for shots for every adult by the end of may. the surge of migrants crossing the southwest border on pace for the highest number in
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