Skip to main content

tv   Mad Money  CNBC  April 27, 2021 6:00pm-7:00pm EDT

6:00 pm
springtime planting. i like that one. >> guy >> citi as a tangible buck just too cheap >> "ma my mission is simple, to make you money i'm here to level the playing field for all investors. there is 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 a little money my job is not just to entertain but educate and teach you. welcome to the gauntlet. this 72-hour period where the bulk of the biggest companies report is pure mayhem out there
6:01 pm
if the averages inching up and nasdaq dipping 3.4%, stocks are flying all over the place. lots of operators who aren't investing. they aren't even trading they're just gambling, and often gambling ends badly. so let me give you my guide to the gauntlet which is the name of an underrated client eastwood movie. playing this earnings game is harder than it looks but people think hey, i can get in this and do this and i have a computer. ceos and jockeys and the enterprise as the horse. when you go to the track, you go to winners there are lots of winners in this earning season. in fact, we have many more winners than losers so you think it would be easier than betting on a race but that's not the case the winners surprise you and losers show up and know more what defines winner inthis
6:02 pm
earnings period? well, if we could do it with google, what a quarter take united parcel with a stock that's fallen to 10% today if we google we'll see the stock up the most this was seemingly in response to an amazing set of numbers, right? that's what we heard all day that's not what drove up ups at all. sure, the gross margins were terrific and pricing per package was good however what you needed to know about ups is that the new ceo has repeatedly dismissed, just dismissed on wall street as someone that wouldn't be able to tame the beast that's the package delivery company with 40,000 employees. i doesn't matter she's been on the board since 2003 so it didn't matter she was the dominant cfo she came on the show after the last quarter widely panned, right, and promised from now on she'd beat all targets, it was over the missing was done that's exactly what she did. for many stocks beating numbers doesn't mean much. they will do it all the time
6:03 pm
check out proctor and gamble and coca-cola. stocks do nothing. in other words, ups roared because of the surprise factor people betting against carol they were wrong. this is the reason alphabet soared reported out of this world top and bottom line bead and two divisions people think are no good, youtube and google cloud which i keep telling you is good. microsoft got hit when it delivered a good quarter better than expected but not insanely better because of the cloud that grew at 50%. see, it's surprise what matters is the game is harder than it looks because of the surprise factor. everyone knew that microsoft would have results and lots of investors couldn't imagine alphabet doing well. you want to look for situations where you believe the ceo and you know lots of others don't and you want to believe the key business lines will be sharply
6:04 pm
better than expected but others don't believe so you know what? i think you got another one coming up. i think you got the setup exactly right when you think about apple tomorrow see, tim cook is chronically underestimated ceo with businesses, cell phones, wearables under one roof the secret sauce, for 20 years apple is a consumer oriented tech company they have been shutout of the enterprise now, they have in. the rise of remote work is a trojan horse for apple because so many senior executives use apple machines at home and for the last year, their home is their office you have an l at home but this is what you get. do you think i want apple here yeah it's the enterprise. facebook has a similar situation. they're obviously not good apple is polar opposite and allows users to opt out of tracking, facebook slammed them
6:05 pm
for hurting small business yeah, yeah sam miguel is tracking everybody in the world i like facebook and genuinely appreciate what they have done for small business small business doesn't track our online behavior but gives you an opportunity to buy the stock at discount as long as they don't site the policy as a forecast. i bet they won't but with facebook, anything is possible there is another type of earnings winner. you need a situation where a stock is cheap versus the cohort it can play catchup. that's what happened with wells fargo and goldman sachs. the latter because the earnings both exploded higher when they delivered earnings in a different plane from the past. i like wells fargo because it's incredible cheap trading at 1.1 times. if you liquidated the business, who else fits the bowl i got one for you. i think the next one could be ford, ford motor company they report tomorrow after the close. i know the chip shortage is
6:06 pm
hurting them and so does you and everybody. do you know? do you know? everybody knows. the company decided to stop selling cars in areas where they can't make money and they can enjoy ford without seeing them wiped out by europe or south america. they are actually committed to making money strange. no stock sells for nearly ten times earnings sometimes the best way to learn is look what failed to rally so now we're going to consider tesla and netflix. for once, tesla didn't come into the quarter with heightened expectations that seemed good the fact it was the most subdued i can recall with the stock down 200 points from the high which was out of the s&p 500 they delivered terrific cells, so far, so good. the bottom line seemed confused. it was confused, okay? get this when you subject a brilliant sale of bitcoin to rack up $100 million and address for credits,
6:07 pm
what happens you get almost nothing that's not what the bulls were looking for. we come to expect sales and earnings from tesla but when you get people hooked on perfection elon, anything less will send your stock lower how about netflix? the company has expectations that tend to be too high but this time because they got a huge pandemic, huge boost for the huge pandemic, you focus for a second, cramer when they got a huge boost from the pandemic last year, the estimates were sky high. just one problem the subscriber numbers were weaker than expected with management blaming the dreaded pull through that's a term that's cost trillions, pull through meaning last year's big signups basicabas basically cannibalized it's still benefitting from the pandemic now that it's over instead of going back to where it used to be. we own amazon from the travel trust but if management uses pull through, you have a door
6:08 pm
situation and i'm hoping that's not the case perhaps you don't want to play this game. amen maybe you'd rather invest than wall street bet on an earnings report, which is a better idea and look for stocks the market misjudged the rearview mirror and ones that got slammed because people incorrectly came to the conclusion they did badly or ones that simply didn't get enough credit, the former. that's honeywell or union pacific. honeywell stalled and is mounting a comeback. it's made it back from ridiculous quarterly sell off. the ladder group, the ones that didn't get enough credit that's rathion. the best hope of countering china, especially if they do something crazy like try to take j taijuan. the bottom line, if you try to rent stocks for the earnings report derby, you know what makes for a potential winner this is your rules
6:09 pm
write them down or take a picture of it or watch it -- i don't care at least get it -- put it in your head. honestly, it's far easier to invest in wrongfully convicted stocks wall street misjudged the results. throws up a lot of buying opportunities but you got to know what to look for and you got to use the checklist i want to start with john in virginia, john >> caller: great april boo-yah money showers to you. >> you bet ya. you bet ya to that. >> caller: here is my come pan ni -- company's under reported story. they are increasing regular quarterly dividends, add a new variable annual special dividend of 4 d$4 a share and increasing farm labor costs worldwide
6:10 pm
requires more and more labor savings, agricultural equipment. this company farmer strategy serves customers all around the wo world. what do you think of agco? >> i bought one of their tractors still good here. i actually did i like tractors. get to the tractor it actually get to the chopper may i speak to denise in minnesota, denise? >> caller: jim, congratulations on dumping the haters. life is too short for that. >> i agree with you. my mentions column is the love canal. and i'm swimming in the love canal. aft. >> caller: no more no more. >> exactly right. >> caller: thanks to you, as a recent retiree, i want your
6:11 pm
opinion on prudential financial -- >> it's too cheap, denise. i've been looking at the stock and talking about it with stephanie link, we both think that pru is too cheap. i also like hartford i thought that fellow acquitted himself very well yesterday so hartford and pru okay get to the tractor all right. if you know where to look, you'll notice the gauntlet that we're in now will throw good-bgoo goodgoo good buying opportunities your way. on "mad money" tonight, worried about biden's plan to raise taxes on capital gains time for dividend stocks and now that we're in the heart of earnings season, i'll go off the charts to find out and what the heck just happened to the shares of sinte
6:12 pm
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 miss something head to madmoney.cnbc.com. 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.
6:13 pm
did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. shiny coat, clear eyes, good energy. we handsome boys need high quality dog food to live to be old, distinguished boys. petco. the health and wellness company. so you're a small business, or a big one.
6:14 pm
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
last thursday the market got hammered, just crushed when everybody freaked out about president biden's proposal to end the tax favor status capital gains. the plan would hit the uber wealthiest investors, those are the people that own the most stock hence the panic sell off
6:16 pm
at the same time i told you take a deep breath because there is no way biden has the votes for this in the senate but i could see congress passing a more modest tax hike and taking the top capital gains from 20 to 25%. regardless, i keep telling you this is not a reason to sell stocks of good companies if anything, higher capital gains taxes are a reason to buy stocks as long as you know which ones when you read through biden's proposal, there is not a word about raising the tax rate on dividend income. if the rate goes up and dividend rate stays the same at 20%, that makes dividend stocks a heck of a lot more attractive. think of it like this, biden's plan would create a world where every dollar of dividend income is worth $1.32 of capital gains so as long as rich investors are worried, the investorsy lower t into the dividend stocks
6:17 pm
they have been chugging higher the move start the long before anyone was thinking about tax policy we have an increasingly crazy market, the spac bubble and non-fungible token bubble and tech stocks that have ridiculously stretched valuations as they have come down big from their highs. in other words, there is a wide spread fear of excessive speculation and when that happens, many investors will search for safe havens and heavens but the safe high yielders and it doesn't hurt it peaked at the end of march and true competition for dividend stocks when treasury yields sink ending with a big dividend is more attractive so how do you play it? okay we'll do it for you. we pulled up all the highest yielding stocks in the s&p 500 and picked the ten with the best story, stories being short for we like the reason they can pay the dividend and philosophy. let's tick them down the top ten dividend stocks that benefit from the tax plan.
6:18 pm
if you want a big payout, i'm finally, finally, finally willing to endorse att with the yield. i have not been a fan of this for a long, long time. att felt like a pitiful helpless giant. turned a phrase from richard dixson loaded with debt. the core wireless business looked like it was being eaten by t-mobile. att put it to rest when they reported 595,000 new wireless subscribers and net signups for hbo. half my office is watching hbo plus a lot of old shows and the flight attendant thing mixed move 60% liked it, 40 didn't. anyway, thanks to last year's big cost cuts that translated into terrific earnings growth and the ceo john went on "squawk box" and i was impressed by his
6:19 pm
co c confidence kinder morgan, this oil and gas pipeline operator spent six years in the total and complete dog house justifiably when the whole group got crushed, when oil polices collapsed and didn't recover but crude rebounds back to the 60s, kinder morgan has made an incredible comeback. they reported eye popping results and everyone ignored them thanks to the natural gas spike caused by winter storm uri and winning a lot of contracts in texas kinder morgan had a dividend boost 6.35 yield it's a high yielder that's also great reopening play what is not to like? this is another stock i lost my taste for i can live with or purchase speaking of oil, chevroln has a 5% yield was it boosted no there are two oil prices this one and pioneer natural resources. chevron is a fantastic operator and has a cigargreat ceo.
6:20 pm
the stock is a steal fourth, the huge drug company 4.7% yield we bought it for the charitable trust a year and a half ago and given us a terrific gain after this move they don't get enough credit for the big allergan acre session. they own botox and i'm betting that makes it a stealth reopening play because people want to get rid of the pandemic wrinkles before they go out again and it's safe to go to the dermatologist. number five is ibm it was always safe i'm just pointing it out number five is ibm with 4.6% yield. they will break up by the end of the year slowing growing infrastructure stocks, division and it's now going to be called kyndryl like benadryl, kyndryl. the remaining will be focused on growth so you have to expect a lower yield. they are turning around. the stock is cheap with the juicy dividend they're paying you to wait for the breakup. ibm boosted the quarterly
6:21 pm
dividend six is down. 4.5% yield last week the dow reported what i consider to be a darn good quarter. the stock plunged because investors worried it would be the peak this company has incredible pricing power because demand is off the charts and chemicals in short supply the ceo told us on "squawk on the street "he believes demand will stay elevated i agree. number seven, wow, david simon, simon property group the largest owner of shopping malls in the world had an incredible run thanks to the great reopening and doubled since early november but has a 4.25% yield. this is a lot of skepticism about the long-term viability but there are good malls and bad malls and simon has the best ones smart guy. tough guy. anyway, number eight is pfizer wow. what's it still doing down here? big farpharma company now that we're hearing this could be annual they have a 4% yield.
6:22 pm
nobody likes it because it has pat tant cliffs. make it past the cliff coming at nine, lyondale huge earnings year over year that's how you measure growth. they are expected to earn 12.29 per share, more than double the 561 they earnedcaveat, they rep friday i wouldn't be surprised if it sells off on a good number this one you wait, okay? this one you wait. the rest of them you can buy them tomorrow. right? last but not least, crown castle, my absolute favorite big sell tower operator. we're cheating because it pays 2.9% yield but a growth opportunity. too good to ignore stuck in a ld holding pattern ui
6:23 pm
march and when it delivered a fabulous quarter with the 5 g rollout, this is an obvious winner if you're worried about biden, that's not a reason to celebrate. it's a reason to buy dividend stocks dividend stocks like these stick with cramer. >> announcer: coming up, deep in the heart of earnings season, will the great reopening deliver? cramer checks in on apple and tackles the technicals to help make you money next so you're a business that's thriving, but then... oh. don't just bounce back, bounce forward, with serious and reliable gig speed internet. but is it secure? sure it's secure. so how do i do this? -we do this, together. bounce forward, with comcast business.
6:24 pm
i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. i love two things, eating high quality cat food from petco, and the box it's delivered in. same day. petco. the health and wellness company. 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
6:25 pm
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. this is how you become the best! [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. use a single hr software? nope. we use 11. eleven. why do an expense report from your phone when you can do it from a machine that jams?
6:26 pm
i just emailed my wife's social security number to the entire company instead of hr, so... please come back. how hard is your business software working for you? with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo. hon? first off, we love each other... for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin now that we're not heart of earnings season, the gauntlet, i'm a big believer in the great reopening but stocks rarely go in a straight line dramatic run and stock supply
6:27 pm
and so many younger investors jumped in on the high growth band wagon are being blown out so what do we do at moments like this you need a cold calculated a i proetch to the stock market which is why don't we go off the charts with the help of caroline, she's the brilliant technician that runs the website and a colleague at real money.com right now she's raising the caution flag on the s&p 500. it exceeded not one but two of her upside price targets to the point she's thinking it's getting over extended. boroden says there is a lot to like in the chart. her methodology shows moves tend to run out of steam, something that wouldn't surprise me one bit and the s&ps definitely feeling a little fatigued as demonstrated by the weekly charts take a look at this. okay fatigue setting in here. before we get into the details,
6:28 pm
remember how boroden's method works. she runs them through the ratios, that's a key sequence that repeats itself endlessly in nature, flowers, pine cones, snell shells and does the same thing in the stock market and it does proven. her goal is to find key price levels or key dates where stocks are prime to change with the trajectory in terms of pricing, the s&p 500 has blown through two of her price targets the first one at 401.2 right here and then the next one was at 409.0 initial price targets before the rally started. in terms of dates, check out the daily chart. she spotted two windows where a cluster of time cycles are coming due to the same time. meaning you're more likely to see the rally turn into a pull back the first possible failure runs from yesterday through friday. okay we got a cluster of nine cycles this week. is that doesn't mean the market
6:29 pm
will roll over but there is a higher chance of a significant pull back within the s&p up trend. how about the second window? boroden noticed a healthy cluster of the timing cycles in may. she does both. and what happens is it shows you we're not out of the woods if we escape unscathed how bad could it get she thinks a pull back to 401.2, the old ceiling of resistance could easily be in the cards and she wouldn't be totally shocked if the s&p sinks to the next support down around 3720 3,720. that would be a big hit. that's why boroden thinks this is a good time to protect profits and recommends watching the daily chart. her cell signal, this is important and what zest talking about. you have to watch the s&p five-day, the blue line moving average and it's 13-day, red
6:30 pm
line moving average if the five day crosses below the 13 indicating that's the momentum turned against you, it is your queue to get out of dodge. this looking fatigue and l roing over, if boroden is right, remember, it's hard to swap out and swap back in at lower levels that strategy works if you're nimble enough to pull it off if you can't get back in, you're better off hunkering down and trying to play through the potential pain and that's what she feels confident enough to make it so you have to get right back in which is difficult the person i like to split the difference and that's what we've been doing with the travel trust so we did buying today you can see all the moves by joining the actionalertsplus.com club if boroden is not in love with the market, there are plenty of stocks she feels very, very
6:31 pm
constructive about including apple. this one is a reporting earnings tomorrow night but check out the weekly chart it bottomed on march 8th after pulling back 28 points from the high you can see the pull back. this is similar to a previous correction last year and one of the reasons boroden turned positive meanwhile, she also spotted a cluster of price relationships that create support from 114 to 116. sure enough apple held up above the zone and worked to 134 as of today. she doesn't think it's won too much she said no, jim, the bottom at 116. right? boroden at 127.2% extension of the prior move would take the step to 153.
6:32 pm
why a 127.2% extension, that's where the fibonacci thinks it will move. minor sealings of resistance at 136 and 138 and could be speed bumps. really, as long as apple holds above the march low 116, guess what she thinks we have a bullish setup. the charts interpreted suggest the s&p 500 could run into real turbulence and maybe get a short term sell off and feeling much more constructive about apple's ability to keep on trucking. i say own apple don't trade it but that doesn't extend to all stocks, the over priced and over extended tech names that trade at more than eight times sales,
6:33 pm
the most vulnerable groups in the market can i go to sean in massachusetts, sean? >> caller: boo-yah, jim calling about inseego and formed a distribution partnership what are your thoughts >> well, my thought is that inseego came on deb debacle. dan came on and said listen, that's not going t ging to happ. dan has a lot on the line. why would he come here andsay that knowing i'll take him apart if they screw up the quarter why would you risk that, right and that's what i will do. all right, tonight's chart is things we can see a short term sell off in the s&p but feeling much more optimistic about apple. don't trade it just own it. it doesn't apply to all stocks
6:34 pm
now, much more "mad money" ahead including my sitdown with the ceo. i've got the exclusive then, fine, i'll admit id, reddit makes vicious moves how to avoid getting zapped and your calls, rapid fire in tonight's edition of the lightening round so stay with cramer
6:35 pm
that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. 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
you need a financial plan that can help grow and protect your money. an annuity can help cover essential expenses in retirement. have the right financial professional show you how... this is what an annuity can do. so you want to make the best burger ever? professional show you how... then make it! that means cooking day and night until... [ ding ] success! that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, and banking.
6:37 pm
6:38 pm
what the heck just happened to the stock of the managed care company for health plans we thought this would be a perfect biden stock but struggled to gain traction getting lift over the last couple poinmonths and got clockd down 7%. what went wrong? the headline numbers were strong there was a real top and bottom line beat. guidance good and management with the full year forecast but messy line items that torpedoed the stock. the ratio and percent of your premiums the company actually spends on medical claims is higher than expected is this a buying opportunity or do we need to get more cautious. let check in with the straight shooting chairman and ceo to get a better read on the quarter welcome back to "mad money." >> thank you good to be back, sir. >> so michael, we got to address
6:39 pm
what people were concerned about to see whether they're long lasting and let's go over some to check them off or drill down. we have this, you know, we have this health benefit, medical benefits ratio and people said you paid out more than they expected to me, it seems very minor but obviously with the stock down 7%, i have to address it. >> yeah, i don't really understand it. we had a better medical than a year ago and we said yes, it's up but it a product mix. we had a big, we had a lot of exchange you may recall at the end of last year, we lost and got back all we lost and then some. so it just simply covid related in that product mix but on balance, it was a great quarter and i don't think it's founded at all
6:40 pm
it was one time. >> you know, it's interesting. i was listening to david ricks today and david is pummeled. this is eli lilly down from 208 to 177 this morning and they have a lot of one-time covid issues that threw people off and gave people an opportunity i felt that this was a similar situation because it's really tough to asteric covid, what it really did to your bottom ine. >> we had a great quarter. i mean, revenue was up earnings were up gna was down we had the energy set in the medical roster with a little bit, not a lot with the basis points and explained it. we increased guidance. we are on balance and see we highlighted the tail winds we have to balance in the year. we think that the predetermination will be extended within the year into next year and everything about
6:41 pm
it we've said positively there is more tail winds than headwinds and it's a fickle market. >> it is medicaid membership growth, suspension of eligibility, these are good the marketplace special enrollment period will be good the hold on medicare frustration, these are all positives, right, michael? >> right everything was on the positive side and we said, i didn't give guidance for '22 we'll do that in june but i said the tail winds are there and i tried to be very honest and say look, nobody can say that the covid is over positive we're going through some more now but we also said that some of what happens in '22 will be influenced by governmentpositive this administration wants to see people insured. >> there was a decline in the marketplace. overall membership growth and
6:42 pm
revenue growth, you did have a decline in marketplace membership from 2.2 million at the end of the first quarter 20 to 1.9 million is that an issue >> it shouldn't be because we regained them all. we've added $3 321,000 members since january 1 when he lost 270 at the endof last year and we called and said this could be -- we could see it as high as 2.4 or better by the end of th year marketplaces come back they come back strong. >> is there an issue -- i know there was some -- again, these are all things people use to try to justify a decline and i feel like i'm playing their game and falling into their hands and apologize for that ohio had a tricky situation, correct? the buckeye community? >> ohio, we came in second we have a plaintiff's law firm that is out trying to troll for people to take action against
6:43 pm
us we told them on the street go to the -- our website and you'll see our response to the report we have an accidental acceleration of the hearings and the plaintiff's bar asked them to stay because they know they don't have a case and they're out trolling other states to see if they can get involved there is nothing there, jim. >> i got to tell you, this is -- >> i want to give you one fact i want to give you one fact that's important. >> sure. >> the premium is the same for all the players and if my medical expense is higher because of pharmacy or hospital or physician or something, i still get paid the same amount there is no reason to not be transparent on these numbers it just -- >> i got to tell you, i've seen this happen before the stock we saw it in the 40s and 50s and now 60s. every time i've seen you, it's been a buying opportunity. it's one again, we've been right together the whole way and i'm not backing away i see the raids and know how
6:44 pm
well you're doing and a top and bottom line and i'm leaving at that and not looking through it, might l. >> i'll tell you one other thing. we have the strongest management team, we're doing more in technology and digitalization than they ever anticipated we could do in the time we're doing it i mean, it's -- we're working so hard to have satisfied providers, delighted providers and recipients. >> all right. >> it's all coming together. >> i believe it. there are things happening there are too many companies reported in this period and one is being thrown away and shouldn't be he's the chairman and ceo of centene. this stock is down $4.69 that shouldn't be "mad money" is back after the break. >> announcer: just chill out. >> is this chill master j. >> the chill man is in the house, he's happy. >> announcer: the laightening round is coming up when "mad money" returns
6:45 pm
did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. wholehearted is packed with high quality ingredients to give me energy. without it, i would've never found this. petco. the health and wellness company.
6:46 pm
what happens when we welcome change? we can make emergency medicine possible at 40,000 feet. instead of burning our past for power, 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.
6:47 pm
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.
6:48 pm
you can't be in two places at once, let posh answer. posh virtual receptionists. it is time, it is time for the likeningghtening round, buy buy, sell, sell, sell. let start with brad in florida, brad >> caller: hey, mr. cramer, how are you doing, sir >> couldn't have a better day. what is going on with you, brad? >> caller: not much. not much is it a buy here -- >> i think it is people are so busy thinks it's a stay at home play and when things open up, people will use it good company and i'm buying. i need to go to texas.
6:49 pm
>> caller: hey, jim, thanks for all you do for us. >> appreciate it, man. >> caller: i need to know your opinion on cody. >> i think cody is making a come back i like the puerfume carrier i suggest you buy el let go to damian in nevada, damion >> caller: yes, thank you jim for taking my call i appreciate your words of wisdom. >> maybe i'll meet you when the eagles play out there. what's going on? >> caller: my question to you is on draft kings the earnings report is coming out. buy, sell or hold? >> i don't know how much gambling has been done in this transition quarter where i thought there would be more march madness. there will be a lot of nba play-off gambling so i don't want to lose the train of thought there. i need to go to john in new york, john >> caller: yes, jim, how are you? >> good. how about you? >> caller: okay.
6:50 pm
just fine. looking at the stock called fut holding limited. >> it's chinese. we don't recommend we recommend alibaba and d.j any more than that we'll start running a situation where i don't trust the prc. i know the prc nobody wants to talk about and i have tremendous sells in the prc just so you know and i'll go there one day and do a book reading if they let me but i won't recommend that stock mark in california, mark >> caller: hi, jim, how are you? >> good, how about you, mark >> caller: pretty good i was calling on the stock advanced auto parts? >> i like it for 100 points and i'm not backing away not here no way. i think advanced auto parts is an excellent stock how about we go to b.l. in california b.l. >> caller: hi, jim thanks for sharing your knowledge and expertise with me. i really appreciate it. >> you're very kind.
6:51 pm
go into twitter and say that because my love canal needs little sprinkles go ahead [ laughter ] >> caller: my question as a backdrop, my money is held in an ira. i bought rocket companies, rkt at $35, which was too high in retrospect and the stock currently is in the low 20s. >> right. >> caller: i'm down around $12,000 unfortunately -- >> look, i think dan gilbert, i think these guys are very, very good at what they do a lot of people feel that the housing boom is over i think that's ridiculous. the ceo, i think he's really good at his job and i want you to buy a little more and get that basis better. let's go to tom in new york, tom? >> caller: boo-yah, jim! >> holy cow. >> caller: hello >> holy cow, you're a scary
6:52 pm
fella. >> reporter: -- >> caller: when is your take on enphase energy >> i'm a believer and okay with starting half a position and waiting simply because it has a lot of bad money in it let's take -- oh, ethan from california, ethan? >> caller: boo-yah jim, been watching you since my bar mitzvah. thank you for all you do you had this company on a few weeks back and haven't done much since then what are your thoughts on excel sweet core. >> i wouldn't pick that for the stockdraft tomorrow. here is the problem. xl did a short report about it, difficult and i would vehicle to have xl back to answer the short report otherwise, i can't recommend it and that, ladies and gentlemen, is the conclusion of the lightning round >> announcer: the lightning round is sponsored by t.d.
6:53 pm
ameritrade coming up, cramer helps you prep your portfolio as the reddit games takes their activism to new heights, next. ♪ ♪ ♪ ♪ ♪
6:54 pm
did you know that petco, is now a health and wellness company? i adore their groomers and their vets our physical, social, and mental health cared for in one place. ♪ petco. the health and wellness company. shiny coat, clear eyes, good energy. we handsome boys need high quality dog food to live to be old, distinguished boys. petco. the health and wellness company.
6:55 pm
this couple is working hard on our state's recovery. you see, they live in california and keeping their vacation in california supports our small businesses and communities. which means that beautiful baby gherkin atop this charcuterie masterpiece is like another brick in the rebuilding of our economy. job well done friends. calling all californians. keep your vacation here and help our state get back to work. and please travel responsibly.
6:56 pm
all right. we got to face some facts here like it or not, the gang at reddit's wall street bets, their forum is moving stocks left and right making small cap stocks into big cap and take a household name and create a retail versus nothing. i wouldn't normally talk about online message boards, those who love to carry an enemy on twitter. look at the mentions column. i can't ignore them because i care about what moves stocks and this band of 10 million self-described degenerates is the most powerful i've seen in the stock market they took game stop from the teens to 400 and boosted amc single digits and operating on micro vision, yes, a money losing company that specializes
6:57 pm
in lidar like radar but with laser. this was a tie ny company and that's after pulling back from $28 peak just this morning creating a lot of millionaires, as they say on the reddit wall street bet site. like amc or game stop you can spend a good story about this a gigantic short position and trying to bust the shorts. that's what they do best i don't mind they went after micro vision i like the possibilities here. last night i got a call about the company and i know a breakthrough product could solve the problem of self-driving cars and as elon musk said, it is the key to true collision avoid dense. i need to find out more. you can spin a good story about this but if you look at it from another angel, micro vision is another company out of seattle the very possibility they might have a game changing system
6:58 pm
means micro vision can atrt atta lot o lot. by targeting micro vision, they believe they can crash the short sellers. given the recent action, it certainly looks like they're winning, doesn't it? this is today's action kind of crazy. 100 million -- well, they do what they want now micro vision reports on thursday and the bulls hope to announce a sell of either the whole company or at least part of it. something management has said in the march conference call they're exploring. the short sellers, there is a problem with the bear thesis thanks to the stock's incredible rally, management can sell shares to raise money like amc and gamestop on the backs of others moves and managed to survive because the wall street bets crew gave them an incredible opportunity to fund raise so i don't know if microsoft has something special. what i do know is their financial difficulties are a thing of past if they continue
6:59 pm
to sell stock as part of an at the money program dribbling some out every day like gamestop did to raise $500 million. that's the crux of the situation. the stock market exists so the businesses can raise capital by pushing stocks on the back of the short sellers, the crowd is creating a self-fulfilling situation to keep them alive until something good actually happens and it's not that hard to make something good happen when investors are throwing money at you i got to tell you, i'm torn about this method of investing it's amazingly successful but they get in late holding the bag. i like it kept amc in business that company deserves to be in business and i like the ceo. gamestop, listen, this guy ryan cohen is darn smart. maybe he can do something here and if this company can raise money at the market in a program that's announced when they report, well, then, they can be profitable but i don't like the herd mentality, people i don't like the almost religious sense of devotion to these pieces of paper.
7:00 pm
maybe i'm old fashioned. i want you to know the only way you'll know what to do once the short squeeze ends and i got to tell you, they always do end. 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. "mad money. "the news with shepard smith" starts now new guidelines on wearing masks, and new incentives to do the right thing. i'm shepard smith. this is the news on cnbc. >> i urge all americans, don't let up now >> tonight the full recommendations -- where you can and should not ditch the mask. the fed's now investigating the shooting death of andrew brown, jr.,, plus the independent autopsy revealed this in fact was a fatal wound to the back of mr. brown's head. still we wait for the body ca

213 Views

info Stream Only

Uploaded by TV Archive on