tv Mad Money CNBC April 23, 2021 6:00pm-7:00pm EDT
6:00 pm
i am buying may/august call diagonal. >> mike. >> i like microsoft. i think calendars and diagonals are the way to play it into earnings. >> that does it for us on "options action" see you friday 5:30 eastern "mad money" my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job is to train, educate and teach you. call me or tweet me @jimcramer next week is the most brutal stretch of the earning season.
6:01 pm
there is more analyst action from the most powerful super computer can keep track of let me make a suggestion where the dow gained and s&p jumped 1.09% and nasdaq pole vaulted at 1.4 4% as we head into the next five days of earnings, you need to think about what gets crushed as much as what is working. because this market created unbelievable buying opportunity. in the heat of earning season, wall street makes a lot of mistakes the market got not one but two dow jones mistakes wrong i'll give them that. but their future is much brighter than nose numbers reported and you have to buy stocks based on what is going to happen it's in the history lesson honeywell lagged but air travel
6:02 pm
is coming back, that's what the airlines are telling me hence we own honeywell and boeing i also think entertainment will come back. american express, can't leave home without it. more much compelling you can actually leave home and go somewhere the market just can't process all these earnings reports, it's too hard and that's why it makes so many mistakes and will next week so let's look where they will be by checking out the game plan monday night we get the most important quarter of the week, that is tesla. a couple years ago tesla's earnings reports were make or break. they thought the company would run out of cash and go under and now it's whether tesla cob the world's most dominant auto maker. they impact more than just tesla themselves there are dozens of electric vehicle spacs that need tesla to
6:03 pm
succeed. it's a halo. i like tesla t.'s levels i bet the quarter will be a good one. tuesday is a nightmare after the close we get results from alphabet, microsoft, starbucks and amd. like they are trying to give you a heart attack we heard so much hype about alphabet's hype and divisions. the wrong call we have to focus on google cloud. i think it steals the show i like it very much. microsoft stock has run so much they need huge numbers but the funny thing is i think they will do it. stay with it i'm torn onstar starbucks the u.s. is transitioning to a new world where it's the only game in town who i is that a problem? simple, starbucks had a monster run in anticipation of the great reopening and that call, well, it may be too early i'm looking for a pull back. amd might be in better shape than people thought hence why it
6:04 pm
was one of the top performers in the s&p. like many semi conductor names, her stock is down 10% meaning it could be ready to rock down 10%. wednesday morning we hear from boeing it's bedevilled by execution issues it's got a huge number of unsold planes it lost the operational cfo meanwhile america's relationship with china once a huge customer is problematic, yet, if you're like me and you think we could be headed for an unprecedented economic boom including the biggest travel on slot in the history of the nation, you want to own the company most levered to it and that's boeing. after the close, we have three companies that can report blowouts, apple, ford motor and facebook apple stock is a lagger until vently it's caught fires and we heard about better cell phones and the
6:05 pm
enterprise, thank you katy human beingerty -- we can only dream of how much money they could make if, well, in a world where we had enough semi conductors to go around and not just to china. ford is worth buying facebook, judging what we heard from snap last night, wow, i think god, facebook is going to knock it out of the park once again, it's not too late to be a buyer of facebook as it goes to all time highs as if that isn't enough, the federal reserve concludes the two-day meeting and jay powell will be addressing the inflation we've seen throughout so many supply chains does he still see this transitory if so, the beat goes on. thursday belongs to amazon is it just a stay at home story? is that all it is? the stock has been treading water for months because people are worried about year over year
6:06 pm
performance. last year when everyone was stuck at home ordering from amazon the company gained new adheradhg they spent a lot of money making sure workers would be safe from covid, i think the stock still works. next up is sky works solutions, semi conductor names were on fire with the exception of intel. one of the best in the group and last night bought an auto indecemin industrial consumer business. that's a mouth full. that's what they bought. people don't seem to understand. they don't realize sky workers is a power house thanks to the new division coupled with the already amazing cell phone business i predicted a true blowout and we'll hear from the ceo but just about the deal, okay friday's oil day with exxonmobil and chevron and will spend time talking about how they are doing their best to cut carbon emissions. we live in a world where the oil companies have to care about the
6:07 pm
environment. with crude back in the 60s, they go on buying sprees and boost the dividends or conserve? when i listen to the oil people talk, i get the kind of positive vibe i haven't heard in ages with prices up and cost down, i think these two companies could surprise the supupside i'm recommending chevron and good opportunity let's see what chevron has to say. will the stay at home trade be put to rest it comes down to clorox and colgate. like they aren't getting money they made, a lot the charts are terrible. i can't say the stocks will behave well when they report at best, these are battle field stocks and there is no reason to go near battle field, not in this market. bottom line, remember, there will be reports next week that are met with negativity and not all ofthem will be genuinely bad so i'm urging you to take advantage of the weakness. look for buying opportunities, i'll help you. the stocks that get thrown away
6:08 pm
often don't deserve it so be ready to search for them and then you can pounce. zack in rhode island, zack >> caller: jim, how are you? boo-yah. >> boo-yah, i am good. i hope you are let's go to work >> caller: shoutout to my buddies in vegas. >> love those guys. >> caller: i'm calling about rathion. i held it for a couple months and seems to be lagging behind defense stocks but it has had some really good news recently it was awarded, notable air force contract and upgraded sales and earnings protections and i also think that it could be potentially a reopening play because of the commercial business, but it still hasn't recovered to the precovid highs so i'm just wondering what your thoughts are. >> i happen to think it's a great opportunity to buy i also think that like you, it's going to be a great reopening
6:09 pm
trade and i've been liking honeywell but i've always been partial. i like the merger and the r rathion technology i think it can go back to 93 where it was precovid. let's go to ducker in colorado, please, tucker >> caller: hey, jim, boo-yah from sunny frisco, colorado. i was late for the big jump last spring but up 23%. should i look for an exit -- >> no, no, i know twilio is viewed as a company that did well during covid and maybe it's time to quit, i think twilio has changed the landscape and a terrific product and every small business that reopens will use twilio to look like a big business hold onto the stock. mohammed in california, mohammed >> caller: jim, i had a question about united airlines. just recently they headed 480
6:10 pm
plus daily flights in the united states for june and expect the domestic june to be 60% of the schedule from 2019 prepandemic the stock is down over 40% from all time highs making it one of the few airlines still down. a lot of the things the sector is over valued and over bought and will never be the same again. in your opinion, is this a smart buy for a reopening play >> i do like southwest air more and one of the reasons that is because it's very hard to fly overseas and you-all have some big overseas markets it's hard because they make it very, very difficult you're right, it's not an expensive stock. i happen to prefer another airline. all the airlines happen to be headed by very, very smart people you're not going to go wrong with delta or america or united but partial to what gary kelly does at luv. all right. many of the stocks that will no doubt get thrown away, all right, next week after earnings,
6:11 pm
they don't deserve to be take advantage of the weakness and see if buying opportunities are created. i will work with you to find them on "mad money" tonight, i'm sitting down with the ceo of american electric power to have the largest coal fire technology in the u.s. to one of the largest renewable energy companies and doing it right don't miss the exclusive sky works announced a deal to buy a chip from silicon labs i'll sit down with liam griffin to find what it means for the stock and how could washington's infrastructure plans impact the largest steel company new corp i'll sit down with the ceo after earnings so 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 1-800-743-cnbc
6:12 pm
miss something head to madmoney.cnbc.com. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪
6:13 pm
petco. the health and wellness company. dave doesn't need a posh virtual receptionist, because he cloned himself. while his clone watches the phones, dave can work on his code. and lead his team. dave trusts his clone like he trusts himself. so, in summary, we're going to sell the company. who's in favor?... perfect. but if cloning isn't an option for you, just get posh. virtual receptionists who can answer and transfer your calls, because you can't be in two places at once.
6:14 pm
so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.
6:15 pm
the moment we got good news from the vaccine front they were the worst performing stock in the market then bond yields started rising and the utilities got hit again because they're dividend stocks which means bonds are the competition. the utilities made a comeback up 14% since the end of february as investors search for certainty in an increasingly crazy environment with major power growth generation assets a.p. rallied 15% since we last spoke to the ceo march 3rd although it pulled back yesterday after the company
6:16 pm
reported a good quarter, solid revenue beat and management maintained the forecast and that's what matters and the problems here are related to disruptions we don't know enough about. if you're worried about a tax hike, it means dividends and 3.4% yield let check in with the chairman and ceo of american electric power. welcome back to "mad money." >> hi, jim, great to be with you again. >> we have a lot to talk about in terms of the economy, in terms of yield and renewable's but you always start with a song so i'll take advantage of what you did because this is not your usual song i'll let you tell people why you chose it. >> the song by marvin gay, "what's going on" and it served two purposes one is we have a lot going on at a.p. so i went through that, but also, the important part was
6:17 pm
around what's going on in the nation today and what that message of that song is about. us coming together, gaining perspective and working peacefully for solutions around racism and other issues. so i thought it fit. >> yeah, it certainly did. 1971 we remember. you and i know another troubled time. so i thought that was pertinent because you're about the country. you're not just about the quarter. you're about the country, and i thought that we should bring that up and thank you. now, this was a quarter where you put out a statement. i'll just read it. we have reviewed the resources for each of the regulated companies and proposed 16,000 mega watts of clean, solar growing renewable generating portfolio of more than 50% of the total capacity, american electric power. >> amazing change. we used to be the largest coal operator in the country and we're well on our way with that announcement to be one of the largest regulated renewable
6:18 pm
companies in the country so it's just a massive change but the clean energy economy is moving and there is nothing that will change that. >> how many fossil fuel plants have you closed since you took over >> we shut down about 18,000 mega watts of coal fire generation and we continue to do that as we make more progression of renewable's in the portfolio. so you're going to see that continue to grow and see some natural gas brought in to back up certainly the renewable's aspect of it so that process will continue. just a massive amount has been changed out but a lot more to go. >> i was heartened, i remember when wind catcher didn't work out. i was disappointed this north central wind investment tell us about that this sounds like the future. >> one of the largest empty country. it's actually three different sites and that's helpful because it was better to get the regulatory approvals instead of one intensive area
6:19 pm
so that project is now becoming operational and actually, it's going to enable customers to save $3 billion worth of fuel costs over the time period that we have in place so it's an amazing thing when you look at the change of renewable's, you can put renewable's in place and actually lower a customer's bills as a result. if you do it smartly and if you do it in respect, resiliency and reliability of the grid. >> why isn't everyone doing what you're doing >> some have. >> okay. >> some of the companies have pr moved that direction the industry has come down a substantial amount in terms of carbon emissions and we've come down 74% in our carbon emissions. that prospect will continue but aep is sort of the leading edge of that change and is going to be a substantial ability for us to continue to invest and that 16,000 mega watts is about 15 to 20 billion of capital being
6:20 pm
deployed. >> at the same time, you had pretty positive things to say about the economy and where it's going. it's picking up. i wanted to contrast that with also, look, we don't usually talk about interest rates but it does seem like the economy is really getting strong. i was surprised myself interest rates stayed so low making your dividend competitive whether you get-togethers with the other people in the industry, are you surprised that interest rates are so low given how you're all seeing not green chutes but real business >> yeah, there seems to be a lot of links between what the fed is doing and certainly the stimulus programs and that kind of thing continues to exist so there is anomalies there that didn't exist in the classic changes that have occurred but we know that we need to continue to invest and we need to continue investing in the grid that's moving to a clean energy economy. the biden administration is proving that direction and something that we can take advantage of it really an opportunity for us. >> something you told me when
6:21 pm
you took over, i was -- when president trump was elected, i said can you now get a free lunch and just the cold plants and not worry about it you said we don't really care what think think in washington we have to do what's right that paid off, didn't it >> absolutely. we follow what our customer expectations are around a cleaner meclean clean energy economy and that's something that i think follows through no matter what the administration is. >> i think also i want you to speak for a second about super storm uri. a lot of your conference call was devoted to that. when i finish the conference call, i'll ask nick this doesn't seem like it would impact the dividend. >> no, it doesn't. it doesn't matter of fact, it's an anomaly in the first quarter given if you look at the industrial load, the industrial load continued to
6:22 pm
improve dramatically and you look at the pipeline of activities in industrial and manufacturing, it's pretty robust but you have this anomaly event that actually took a week of industrial output out of texas off the map and then of course, some of these manufacturers, it takes up to 40 days just to get back operational. so that was the impact on the industrial load during the first quarter. >> all right good because i care you've been the most reliable company for dividend that ever comes on the show. so i want to be sure people don't say maybe they got hurt by texas. you made me feel much better on so many different issues that's chairman, president and ceo of electric power. great to have you on the show. >> thanks, jim. >> "mad money" is back after the br break. >> announcer: coming up, a big acquisition sent the stock moving and can it beat the chip shortage and make you money? cramer has the ceo next.
6:23 pm
6:24 pm
can collaborate almost anywhere. plus customer experience that finds solutions in the moment. ...and first-class benefits, like 5g with every plan. network, support and value without any tradeoffs. that's t-mobile for business. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company.
6:25 pm
re-entering data that employees could enter themselves? that's why i get up in the morning! i have a secret method for remembering all my hr passwords. my boss doesn't remember approving my time off. let's just... find that email. the old way of doing business slows everyone down. with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo.
6:26 pm
last night we got big news from sky walker chip maker turns out they're buying silicon lab's infrastructure automotive for 2.75 billion in cash we have chip shortage in everything but it's dire in the auto industry so the deals gives more exposure to one of the hottest markets around and helps them extend the presence in data center and consumer arkets for years the knock was cell phones no wonder the stock jumped today. can it keep running? let's talk about the deal with liam griffin, the president and ceo that learned more about the deal although not the quarter because the company reports next week mr. griffin, welcome back to
6:27 pm
"mad money." >> thanks, jim good to be here. >> liam, this is an exceptional deal you first of all, had the cash flow to do it and if you wanted to buorrow it, the rates are incredibly low it came down to a major effort by you to be a semi conductor company in every market, not just the ones people think you're in. >> you're right about that first of all, we've been very disciplined on cash. we've been disciplined on mna but this transaction, i got to tell you, jim, this is a perfect deal for us. also a great deal for the other side with silicon labs it's highly profitable great technologies created. we bring in high margin revenue in markets we want to be in. markets like automotive and optical networking, data center. a whole new suit of opportunities. we're really excited about it and it just happened last night and we have great expectations
6:28 pm
as we go forward. >> talk to me about cynergies not just in terms of dollar amounts but intellectual property. >> this portfolio is very clean with 40% off margin. there isn't going to be the traditional scynergies. it comes with importance and know how and a great set of people that come with us we'll bring 385 people from the silicon labs ina team to sky works and put that uniform on and get them on the field with us. >> so talk to me in the deck you've got this slide. first, allutomotive, audi, bmw,,
6:29 pm
tesla. can they make enough because of the demand >> yeah, there is a lot of opportunity in automotive as you know we talked about it traditionally sky works would speak to this more on the transmit, receive r.f. side but this organization has an entirely different play within out t automotive isolation, data converters, lots of really interesting things that can go into an automotive application and dove tail with the connectivity that sky works brings, we can bring nearly a complete solution to some of the leading players as we move forward. that's a complementary play on the basis that we've had already with the leading auto manufacturers. >> i wanted to talk about e.v. and the solar inverter so people understand this makes you a major presence in what you and i both know is the future, which is fossil -- the end of fossil fuels and the other ways we'll go solar and we'll go electric power and you're going
6:30 pm
to be in them now. >> absolutely. i'll tell ya, that is exactly one of the reasons why we did this deal. we did not have a position in those markets, quite frankly and now we've got that position. again, with great people and think about the investments that sky workers can bring to bear in this organization. we're delivering 40% free cash flow margins, jim, on a basis of $5 billion of top line revenue we have the power to really drive this, no pun intended but we think automotive will be an incredible application for us. we have end roads already but the investments going forward and the people that will come in will help guide us to auksucces. >> people want to know whether what you bought is part of the great automotive chip shortage or is it not connected and got its own boundaries and space i don't know how they do it. >> yeah, so we all have our different flavors. as you and i discussed in th past, sky works invested deeply.
6:31 pm
we have great technology and fads in boston and l.a. and japan, as well singapore. we own all of those. that's a really strategic advantage we've had and invests greatly due to chip shortages. we have our own buffer on that there is still outsourced opportunities that they're working with tsmc and others but over time, you know, certainly we can bring technologies under our roof and do it ourselves at sky works. we'll see how that goes. the portfolio as is today runs very, very well. it's highly profitable they have a great customer set we can take advantage of that now but in the future, we'll have an opportunity to invest in scale and drive more of a full in internal fabrication strategy as we move forward. >> just so people understand, let's say you're looking for a house. some buys get to use cash.
6:32 pm
was it your ability that made this move fast it's a premiere asset. >> it's premiere and unique because it's technologies that we wanted. technologies that we wanted and wanted to accelerate our path. i think the deal terms were very favorable for both sides for the silicon labs team and the sky works team to make this work and it's really one of those unique transactions where it's a win, win for both sides and we're excited what we can do and the cash generation and discipline we've had over the years put us in a great position to deliver this thing all cash, very easy transaction at this stage and look forward to the growth. >> well, i think it's brilliant. much needed. i know we could not talk about the quarter, we'll probably do that some day. i love this transaction and you know that because i sent you an email 30 seconds after it came out saying congratulations president and ceo of sky works solutions. love to have you on the show, as always. >> thanks, again, jim, take care my friend. >> you, too. "mad money" is back after the
6:33 pm
break. >> announcer: coming up, can this company be the backbone of a new era in american infrastructure cramer gets real about steel with new corp next hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap! so basically i can pick the right plan for each employee... yeah i should've just led with that... with at&t business... you can pick the best plan for each employee and only pay for the features they need. what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power,
6:34 pm
we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. did you know that petco, is now a health and wellness company? their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company.
6:36 pm
as earning season rolls on, so many red hot industrial stocks hit a wall. the wall known as peak earnings. these companies keep reported spectacular numbers but this is as good as it gets and by the time the second half of the year rolls around, the cyclical will start deteriorating consider the case of new core yesterday morning the company reported and while the results
6:37 pm
isn't as expected, the forecast is posh. they have a recorder of record earnings and 2021 will be terrific one problem, the analysts expected another record which is why they went down the strength is bake in and loathlots of experts, i should put per renlt sees around that next quarter could be the peak i think that's dead wrong. i'm betting the economy keeps roaring and new core keeps printing money don't you like my hat? let's check in with leon, i wish he was wearing his hat president and ceo of new core to get a better read. welcome back to "mad money." >> thank you for having me as you pointed out, really tip our hat off to a great strategy and team the plan executed on and appreciative of the trust
6:38 pm
the customers place in each of us with their business and as you pointed out, nucor expects next quarter to be strong but frankly, with the indicators we look at we anticipate 2021 staying strong throughout the year and this caps off and come n -- is a strategy we continue to reap the benefits as we move forward. >> i want to talk about that your predecessors have been invited because i love -- candidly i love nucor for the day i met the founder at goldman sachs 35 years ago one of the things i love about you is vision. you were building plants this time around to me and others, like they're building plants where we don't need plants they're building plants that are unnecessary. they're buildin building plants won't be used. >> the largest single investment in history is taking place as we
6:39 pm
speak in kentucky and that will end at about $4.5 billion campaign we're building but jim, that investment is incredibly strategic not only positioned where it is in the geography but as we think what is happening in the renewable market, offshore wind, that mill will be a supplier to the customers today and well into the future and so we are focused on the long term and will continue to invest and continue to grow and as you told many of your veeiewers, nucor is poised and capitalizing on strength and i couldn't be more excited about our future. >> the other companies in your business in our country have been cutting back and cutting back and cutting back. you've been adding and adding and adding, difference between you and them >> jim, we've always had a very strong and a very focused
6:40 pm
attention in the industry, which we have. we have never over levered ourselves. we make sure we keep -- we have $3 billion of cash in short term investments and we ensure we keep our net debt to cap ratio very, very in line to ensure we reward our dividend and shareholders with dividends and continue to reinvest in the growth of our company and we'll maintain that focus and that discipline but we're also going to grow strategically so i won't speak to my competition strategy i'll tell you nucor is poised and will continue to invest in the long term. >> we'll talk about nucor as a hiring machine and company that is the cleanest company, the biggest recycler that we have. on page 15 of your fantastic deck, there is a chart that really makes my -- it just makes my heart race. imports shrinking market share it looks like it finally happening. our jobs are no longer bekpg
6:41 pm
po - being exported away and our steel is the best. am i right about that? >> 100%. we have to continue to think about the entire supply cycle. when we taken tons of steel fr china, we have to look how much are they emitting to make the steel compared to the united states we're three, four times cleaner than they are in making it here. nucor is poised as one of the world's cleanest, most sustainable companies for the value. so our hiring continues. we have the best team arguably from my standpoint in the world. we have a group of committed, dedicated team members we'll continue to hire well and continue to shape the future of nucor and the industry. >> president biden wants to continue with the terrific policies of president trump when it came to dumping in our
6:42 pm
country to stop that and president biden wants to follow up with infrastructure, which would be great beyond the warehouses data centers and cold stores that you have are you heartened by this president's steel agenda >> you know, look, i would tell you that we're supportive of what he's done in trade and continuing to build back better. you know, we know and we've talked many times on your show this nation needles a significant infrastructure package. we've got to rebuild and repair the roads, bridges, highways including broad band, waterways in this nation we have a nation of school kids that are in many counties struggling to get the broad band access they need to do their school work. so we've got to make that invest 789 ment and nucor is poised for the construction related sector, incredibly well to help support that and truly build back better, jim. >> look, i mean, it's a hmonste
6:43 pm
quarter and a great year we understand the steel cycle. the steel cycle is not a three quarter phenomenon and that's the way you own the stock. you should own it all the time but this is going to be a great cycle. leon, president and ceo of nucor, congratulations on an amazing quarter and coming on our show because it means a great deal to us. >> thank you, jim. appreciate you having me talk to you soon. >> "mad money" is back after the break. >> announcer: stick around. >> may i make a suggestion stay with cramer. >> announcer: the lightning round is coming up next.
6:44 pm
6:45 pm
at calvert we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. for more information, visit calvert.com/earthday. did you know that petco, is now a health and fwellness company?on, their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company.
6:46 pm
6:47 pm
it is time, sit tiit is timr the lightening round, buy, buy, buy, sell, sell, sell and then the lightening round is over are you ready, ski daddy let's start with dave. >> caller: dr. cramer, my good friend. >> how are you, sir? >> caller: i am well how are you? >> well. thank you for asking what's happening >> caller: we know you live in a split italian sports car household as lisa admires lamborghini. what about ferrara >> ferrara is fabulous, just fabulous i am calling that buy as dave once again breaks the sound barrier with another real good idea let's go to beau in florida, beau >> caller: jimmy, baby. >> yo. >> caller: my stock is charge point. >> well, remember, there is a crowded field.
6:48 pm
we do like the field but it's a crowded field and all that said it's going to get a nice short squeeze for a couple days but i wouldn't hang around too many players cesar in maryland, cesar >> caller: hi, jim boo-yah. >> boo-yah >> caller: many thanks to you and your team for all the hard work you do for us and your thoughts on palantir >> it's a big black box. a lot of contrabcts we can't tel what is in them. i like other software companies more like microsoft but this is a stock that's a cathie woods stock. she's a competent manager. she can take this higher, if she wants to let's go to ken in florida, ken? >> caller: hey, jimmy chill. >> yo, man. >> caller: i'm calling from sunny ft. myers. >> i love ft. myers. >> caller: all right hey. my stock i want to ask you a
6:49 pm
about, the time to buy fwbi? >> the thing sells at a low multiple i think that, look, there is a -- this is a problematic security it is all i can say if you want to own it. let's go to doug in california, doug >> caller: jim, thanks for taking my call about a few months ago, you had the ceo from sorrento on your program. after listening to him, i was impressed and he seemed impressed. since then, i bought three different positions. i've averaged myself down to $10 a share. do you believe i should sell everything -- >> no, no, don't this is what happens with a stock like this. there will be a news release and it will spike three, four
6:50 pm
points 20% short position and that will give you a chance to get out they should have done something with covid i was waiting for it something big in commercial and it didn't happen it's now late. let's go to chance in colorado, chance >> caller: hello, jimmychill. >> chance, what's going on >> caller: so a company i've been watching seems like it's been doing all the right things. they signed partnership to total, british petroleum and monster deal at amazon on monday and politicians said that's essential for the green energy plans. from the opening bill to the closing mill on tuesday, took a 46% haircut downwards. i jumped in head first tuesday afternoon. am i missing something or is that a crazy good entry point for clean energy >> it's been around a long time. we had andrew little fair and boon pickens had a position in it i think it's okay. the stock had a very, very big run. it got caught up in a very nice
6:51 pm
move for electric vehicles and for natural gas vehicles but i don't want you to over stay your welcome here because after all these years, it's still not making any money and that is not for me i need to go to nathan in pennsylvania, please, nathan >> caller: hey, jim cramer, thanks for taking my call. i'm a first time, long time. >> excellent. >> caller: hey, so i bought the stock 12% off of a 52-week high. what do you think of this stock and earnings on may 12th the stock is sono -- >> killing it. i was listening to the ceo talk the other day. their business went to nothing and it came back and i've got to tell you, they hung in there and they succeeded and i think they will be around for a very long time i am pro sonos let's go to adam in texas, please, adam >> caller: hey, jim, boo-yah fan of the show. my question is about nwk it's growing about 00% year
6:52 pm
over year with expanding margins -- >> i know. i listen to wirlhirlpool by the way, buying that well built, i wish they would come on that was a sweet heart of a deal i like that deal let's go to dominic in michigan, dominic? >> caller: boo-yah, jim. >> boo-yah. >> caller: calling in about a stock that just recently went public through a spac merger the stock deals with payment processing and digital wallets and have deals with coin base and draft kings and spotify to name a few this company is very profitable. they report earnings on may 11th and this company is moneymaker, jim. the company i'm calling about is pay safe. >> that's a bill foley company a lot of people involved in the spac game have really frankly over stayed theirfoley i like that company very much.
6:53 pm
that, ladies and gentlemen, is the conclusion of lightening round. >> announcer: the lightning round is sponsored by td ameritrade coming up, be ware of the crowd source stocks. cramer takes you on a trip back to the fundamentals, next. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight.
6:54 pm
thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ this is hannah - she's a posh virtual receptionist. when you're busy, she answers the phone. thank you for calling the anderson group hannah speaking. when you're in a meeting, ashley can take a message. she's not available, but i'd be happy to take a message. and if you're stuck in court, lisa will let your clients know. thank you, mr. decker will call you back as soon as he's available. when you switch to posh, you could save up to 40% off your current service provider's rates. you can't be in two places at once, let posh answer. posh virtual receptionists.
6:56 pm
every couple hours i get another email that goes like this please don't say sell tesla. please say something good about it the five stages of grief are bargaining and gamestop, amc or uwm holdings that's the one thing these stocks have in common. the wall street crew believes they can bust the shorts when i sold bitcoin recently, something i bought as a currency but then it became an asset, i
6:57 pm
was fellilleted for breaking ras guess what if an asset so fragile it can't hit the base, it's not taking profits and a bulpull back is inevitable i'm not powerful to take down tesla. a $700 billion company bitcoin is bigger. more importantly, this attitude, these constant rebukes for crashing some stock or crypto currency are non-fungible token reveals a fundamental misunderstanding how investing works. if you believe passionately in a stock and gets dinged because someone on television says something critical you disagree with, thank your lucky stars because that's a buying opportunity. you can't make money in a market when everyone agrees with you. someone has to take the other side of the trade. when they are wrong about a stock you like, that's not an attack but a gift. the problem is, lots of people own these stocks because they read on some website that if
6:58 pm
everyone gangs up together and holds, we can do another gamestop and crush the short sellers. but when you make the kind of bet, you have to make sure you actually like the company itself not just the crowd that recommended it to you. you have to be sure because it's entirely possible people betting against the stock know what they're doing unlike gamestop and the bulls are totally clueless i got to tell you, i'm getting sick of the style of investing loser investing i call it because stocks are not causes. they're not religious icons and not even sports teams. stocks are paieces of paper tie to companies but real, live companies. when amc seeks permission to sell 500 million shares, the ceo is basically saying he's willing to break and hoist the company on their backs if people want to bid up the stock, he's happy to sell it but he won't do any big sells this year. he's certainly not wrong about making sells if amc sells the stock, they can
6:59 pm
use it to buy back expensive debt at a discount making the business more valuable but when i talked about this possible sell on this show, the meme stock just brought it up. the behavior made it so i can't read the manager's call. if you think it's wrong to ask the ceo of amc about doing a stock offering at the market because it might hurt the stock, you probably should know amc or any individual stock for that matter you can't control what people say about your favorite stocks if you lose, if every time you hear something you don't like, well, you're better off parking your money in an index fund. that's not an insult take this weekend to think about what you do if some talking head mentions your stock negatively would you be scared or upset or concerned because you bought the stock using borrowed money so a minor sell off could trigger a margin call. if you're that unsure of the company itself, i'm begging you to move on either put your money in something you actually believe in or stop trying to pick
7:00 pm
individual stocks. because if you're flipping out at something you think is a bow s bozo on basic cable, you may not be cut out for this business there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you monday. with shepard sm starts now america's single shot vaccine is back in action. i'm shepard smith. this is the news on cnbc a decision on the johnson & johnson vaccine. >> the covid vaccine is recommended for persons 18 years of age and older >> what it means in the race against the variants covid's damage that we can't see. >> nobody wants to stay isolated and all that >> the wave of anxiety and confronting pandemic ptsd. rethinking policing. react with intellect over survival instinct. >> i been there, man, i know
114 Views
IN COLLECTIONS
CNBCUploaded by TV Archive on
![](http://athena.archive.org/0.gif?kind=track_js&track_js_case=control&cache_bust=1068880059)