tv Mad Money CNBC May 3, 2021 6:00pm-7:01pm EDT
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i think the debt story the the max i like it. >> that's bringing back the guest. i don't know guy. >> oh, stop. it is not. >> it's just like -- just like bringing back the guest, for tim. dollar general, dg gngoi high. >>reporter :my mission is simple, to make you money. 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, other people want to make money call me 1-800-743-cnbc or tweet me @jimcramer. is this the calm before the
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calm after one more record-breaking month not books, i keep thinking this market will win some turning bears into bulls that's not happening, though with the dow gaining 238 points today, the s&p gaining and the nasdaq declining 4.8% we have that selling going on since last week as if nothing good has happened now, we have tech rolling over and i'm sure tomorrow there will be chatter how the market can't roar without fang, my acronym for facebook, amazon, netflix, and google we'll be subjected to hardware, software, electronic vehicles, of course, spacs you'll hear none of the great earnings matter but that's the wrong way to look at things. the truth is once again this is a gigantic rotational market where there is not enough money to send all sectors and while
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everybody else's language is for fintech. that's been the pattern since the bottom but the panda bears won't acreknowledge it, it's ro over, rollover before we get into today's action, i want toe address warre buffet it's important stock picking did go out of style 20 years ago this generation is taught it's impossible to beat the market so don't even try don't try to figure out which retailers are doing it just go pick an index fund the previous generation was thought how to pick stocks by combining curiosity with what you know and study financials or whatever other information you can come across. that's not the warren buffet
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method but the peter lynch method named after fidelity. lynch credited it to observing, studying and taking action he shows you how to do it in "one up on wall street." it's on amazon and the method has never been easier because you have research tools. not like google existed with the book in 1989 i expect warren buffet but i'm always going to be a peter lynch guy even though he made money running mute ual funds, thanks o the .com bust, the peter lynch method lost a lot and didn't help the industry was against owning individual stocks with warren buffet leading the way. in the '90s, the conventional wisdom said picking stocks is a great way to make money.
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anyone with half a brain knows you're supposed to put your money in a nice, low cost index fund but you know where the truth is the truth lies somewhere in between. if you don't like to put that much time and effort into your portfolio, parking your money in an index fund is the way to go the pushers got too far when they tell you stock picking is a waste of time and money. yeah, that's it. you can get better performance by picking individual stocks, the problem is you got to do% more work. that's why i believe in a hybrid model. i don't share buffet's content for home gamers to pick stocks nor do i want you to go all in individual stocks. that's why i suggested you put your retirement money in an index fund but your disc discretionary "mad money" hence the name of the show in individual stocks. i don't want to discourage you from harnessing your powers of observation and much of what i do is oriented about bringing stories to your attention to do more homework yourselves no contempt, just support that brings me to today's market.
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for months i've been preaching the economy is about to open up and we'll reach a tipping point where you have to own stocks that do well we're finally there because cities like new york look like they will turn that means two things, one, we need to own stocks that benefit from consumer confidence and need the cash to buy the stocks so what people are doing while raising cash, they're selling anything that doesn't fit the reopening thesis like tech which is being used incorrectly because the money will come back to tech but being used as a piggy bank now, i wish there were more than enough money to go around to justify owning both groups but there simply isn't and the current rotation is fueled by the lack of capcapital only so many sectors can land at the same time. that doesn't provide the ammunition for those of you who think you missed this move because they had tremendous runs, i'm aware of that. think again. we haven't begun to convert the bears to this bull thesis so let me give you ideas to chew on observe and make a choice about
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buying, maybe you'll try some of this stuff on or go to these places and go to google, look for some stuff go to our sites, you'll find things first is walmart now this is the largest brick and mortar retailer in america so many stories about walmart plus being weaker. really ever since mark laurie retired in january he's the guy from jet.com that walmart acquired to reinvent the online business he's a genius. i don't think he's essential and in truth, walmart is doing great and will do better mine was packed this weakened. second is costco, they are bringing back free samples and food courts don't denigrate this one. just spectacular costco continues to open stores and save people money, what is not to like? i love it. third is lowes unlike target and home depot which are amazing, lowes is ten points away from the high. go to lowes like i did this weekend.
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see the action mine opened at 6:00 a.m. sunday and closes at 10:00. you don't keep those numbers unless you have a ton of business they have appliances and tools there is a shortage of appliances read the whirlpool conference calls. tools are exploding with stanley black and decker had 40% growth. the stock was down that day. talk about an opportunity. we're opening up and dressing up there aren't a lot of quality clothing stocks left but the good ones are pvh, vf corp and my favorite, which is ralph lauren i expect big sales this month. i still like rh, the operator formally known as he's ration hardware i wish my wife would order fewer from there because how many chairs do you need around the firepit? incredible run the stock had the stock doesn't have enough buy ratings on it. finally, i believe in the lag trade l brands, american eagle outfitters and the gap as they all had big runs, matt boss the fabulous retailer from jp morgan
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with the light trade lower it's only just dawning on people now and the rest of the analyst community has to follow suit they have to upgrade no choice. the bottom line, i don't need to make it sound simple if you want to invest like peter lynch, you need to visit places or try things on, whatever sparks your curiosity after reading the book but one or two of these reopening plays go well with an index fund and retirement account when highly respected figures act like stock picking is too dangerous for regular people like you. more on that later lucas in vermont, lucas? >> caller: jim so good to hear from you. >> same. >> caller: i would love to talk about square. >> okay. >> caller: they're up 300% this past year earnings is on thursday i'm excited about reopening. i'm excited about jack dorsey and cash app and their crypto exposu exposure do you think we can expect 350 to $400 share prices --
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>> okay. i'm going to throw a little cold water on this. i think square will give you an amazing number but if we're still in this rotation out of fin tech it won't matter so buy half of before and half after. i'm a total believer in square and i think it will have good numbers. yoni in new york. >> caller: boo-yah jim love you, love the show. >> thank you. >> caller: stuff with eagle draft, good stuff. >> we have a stud receiver i'm happy. i'm not too proud. i love having roseman. >> caller: it's good i have to give a quick shoutout to my boys in the what's app group. my companies, one of the high flying software that got destroyed is down like 50% around like two-year lows but it seems kind of attractive i'm wondering what you think they recently switched over to a
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cloud based model so that hurt them a bit short term. what do you think about splunk >> i was going to tell you they lost a key person. it does sound to me like you have to wait until after this quarter. i mean it, yoni. i don't want you in until after the quarter. i need to go to zack in pennsylvania, zack >> caller: jim, big boo-yah from eagle's nation what did you think of the draft? >> i was thrilled. a lot of eagles' fans. isn't that great i'm on the bus i'm on the bus what's up? >> caller: thank you for everything you do. so i'm like early 30s and looking to hold these stocks until maybe 40, 45 somewhere in that range with everything going cashless, this stock was at 200 in january and now it's at 234. wondering if it's too late to get on the visa bus for the next 12 years >> no, no, no and kelly ought to come on the show because he knows i believe in him and i believe in visa and it a very, very good company and you're absolutely right, everything you
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laid out is perfect and i want you to be in it and own it don't trade it all right. look, the market hasn't made any real converts yet. it seems like it but they will dump on it again tomorrow because of tech. these are stocks that are next in rotation and believe it or not, you haven't missed the move go with one or two reopening plays and an index fund and that will make me happy. xpo logistics paid the second largest contract provider in the world i'll find out if it's worth considering gxo logistics when i sit down with the incoming ceo first on cnbc and as more people that cross the u.s. become vaccinated, could the great outdoors trend be a thing of the past ut oh, i'll give you my take and really surprise you. and under the radar way to play the race to space. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter
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when the ceo feels like the market is not giving the company enough credit, sometimes they got to take action they have to unlock that value themselves and that's what we're seeing right now with xpo logic ticks. the stock lost the mojo despite the non-stop boom in e commerce. early last december they decided to spin off the faster growing logistics business to make the story simpler and easier to
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digest it was a very smart move and sure enough the rally roughly 56% since then but as we get close to the actual breakup, we got to learn more about the business being spun off it's going to be called gxo logistics. after the close that combined company reported excellent top and bottom and driven by the soon to be separate logistics you can own. it will be very enticing let take a closer look with the malcolm wilson, the ceo in europe named as the new ceo of gxo logistics spin off to get a better sense welcome back to "mad money." >> thanks for having me on the show, jim. >> okay. so malcolm, we need you to explain because we've been huge supporters when the stock was at the 20s but now we've got a business that we like and maybe it's even bigger than we think what parts of xpo logistics business are becoming gxo? >> so xpo is going to spin off its logistics business as gxo and create two world class power
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house companies. transportation and xpo, ltl and logistics. that's the war housing that will become gxo. >> now, why is it better to be separate i mean, i would have thought that the two work together really well. >> jim, it's going to allow the management of the logistics portion of the company, gxo, they're going to be really laser focussed on the customers. it going to allow them to make decisions in terms of capital appli application, acquisition, everything will be tailored towards the logistics sector of the business it's really going to be a very dynamic organization to our customers. >> malcolm, i know logistics, we've had zebra on, honeywell has got a logistics and the intelligence i'm -- who do you really compete
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aga against? those companies or just the giant warehouse companies? >> jim, gxo is going to be the second largest logistics company in the world the reality is the reason it's a strong direct competitor that competes across all of the different markets that gxo is working in, of course, there is going to be local competitors in country by country and maybe competitors that specialize in a particular vertical maybe chemicals or ag business but in terms of the breath of gxo, there is going to be very few companies you can compare the organization to. it's really a world beating environment. >> let talk about e commerce, retail, food and beverage, consumer technology. i see apple, h&m, i see zara, nestle, dockcoca-cola, these are your customers >> absolutely, jim
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gxo ranks 30% of the fortune 100 companies as customers and the great thing about gxo is the customers we work with, they stay for a long time of the top 20 customers tenure of the dcustomer so these are sticky long term relationships once we're working with customers and very, very seldom design to work away from gxo. >> can you give us a sense because you're the head of xpo, you have an xpo with great numbers. how bad is europe because of covid? >> europe is recovering. you know, if i think about u.k., it's broadly at a similar pace of recovery and vaccine rollout to the u.s. so it's quite advanced and if i think about the rest of europe, generally, things are expected to get back to normal by early june so pretty much we're expecting all
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of the markets that ngx are working to be back to full recovery by the early part of june. >> okay. so tell us what the secret sauce is what do you offer? the real estate investment trust and companies that do robots but not at the level you do. what kind of expertise do you have that they keep picking you as the representative for logistics? >> you know, jim, gxo is benefitting from three mega trends in the logistics world. one is about outsourcing so more organizations are looking to gxo to help them with the expertise that exists in gxo expertise in automation or expertise in managing big volumes and there is also another mega trend which is e commerce, we've all been affected by that, more and more people are buying online and
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that's really in the wheelhouse of gxo e commerce is the biggest single activity that represents 40% of the business solutions we parade the largest e commerce fulfillment center in europe and the last trend, as you mentioned, is about industrial automation and robotics. more and more of our solutions are evolving automation and robotics it the expertise that really exists in gxo. we were a first mover in this activity and it's really benefitting us now. >> well, look, this could be exciting company it going to be very few like it that are publicly traded and if it's anything like what happened with xpo, it will be terrific. i want to thank the new ceo of gxo logic stics. great to see you. >> thank you. >> if you want to know the way of the future, it is logistics and this is the way to play it
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since last year's best performers, becoming untouchable. the few exceptions wall street presumed as the reopening began. but it turns out that reality is much more complicated. the hottest, the real sizzling stocks have transformed into reopening themes especially the great outdoors last spring and early last summer anything related to
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camping or boating or outdoor activity caught fire because it was the only safe way to take vacation but closer to the end of the summer it stalled because figured it was one off no way they get the same boost once the pandemic is over, correct? now we're headed for the summer of 2021 and the great outdoors is back. on friday we checked in with brunswick corp, i don't know if you saw the interview. it was really rather amazing the big boat maker just delivered fabulous quarter and then ceo david folks totally incredibly bullish story they told us the grilling, remember that's kings ford was one of the few cat gegories they see the growth despite tough comparisons and lots of news reports about a massive boom in summer travel plans. the camping emerging is one of the biggest winners. what happened here two things hardware, these companies sold so much merchandise last year they came into 2021 with ridiculously low inventory what does that mean? the inventory was so low they can raise prices and sell
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everything they make so many people have been cooped up for a year now but with the great reopening upon us, they are more willing to go out and got vaccinated granted, they could have safely gone camping or boating last summer, it's indoors but dangerous. there are millions of people who just hunkered down in their homes rather than take any chances and now that they are vaccinated, they can finally get back in touch with nature with the beautiful weather we're having so how do you play? i got three different approaches that could work here first way to play the great outdoors, you can do the obvious and stick with brunswick we spoke to on friday so we know the numbers are fresh. the number one boat maker reported a pblowout quarter but the stock barely bun ly budged n response until today the story is simple. after expanding the production capacity, brunswick has so much demand they can't come close to making enough boats and engines. folks told us they could take years before they build the inventories back up to normal levels think 2023 or '24 there is a big
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waiting list of boats. there is a shortage, well, prices go higher two years ago brunswick bought freedom boat club that is a nationwide co-op for boats rather than buying one, join the club and pay membership dues and gain access to a whole fleet with fellow members. it a great idea. no wonder brunswick keeps buying up the franchise at the end of the day, this is all about the math while the stock made a new all-time high today it doesn't reflect the incredible numbers we saw last week remember, brunswick raised the mid point of the forecast from 620 to 745 when the analysts was looking for 644 on top of that management said they could earn $8.25 to $8.75 in 2022 what does that mean? this high quality outdoor activity stock sells for less than 13 times next year's numbers. i find that ridiculously cheap when you look at brunswick's
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track record they beat them by 58%. meaning there is a good chance the results will surprise the upside again, which would make this stock look even cheaper in retrospect it's a screaming buy because it's a secular grower now, not the cyclical thing so many people lost money on in the old days what if you prefer to stay on dry land the second way to play is rvs. we got an update from the rv marine and auto part supplier. when they preannounced first quarter revenue bonanza, they are doing great but reports and full results tomorrow and given that the stocks rallied more than $10, there is always a chance it will sell off on a good quarter and that's been the pattern. very picky earnings season but sells for 15 times solid 2% yield so if the stock sells off tomorrow, you might want to dig deeper into the quarter and use the weakness as a buying opportunity if you like what you see but the actual rv and motor homeworkers.
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remember thor? these swooned when they were written off as lockdowns but really both in the same position as brunswick, aren't they? they move so much merchandise last spring and summer supplies are tight and that's allowing them to make a fortune in this environment. third, winnebago came roaring in response most stocks pulled back this is craziness. thor is at 14 times earnings win t win bay go had 11 times. there are no cheap stocks. then there is camping world. this is another one reports tomorrow morning i expect another set of good numbers but given the fact the stock rallied 69% year to date this could be another situation where a company posts excellent numbers and yet, the stock rolls over this is a terrific regional and national growth story and sells at nine times earnings i don't understand this. you can get a discount after the
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quarter, i think you pass. if you want to think outside the box, i've got a more bleak way to play the great outdoors, airbnb, fabulous way to play the travel boom including people renting homes in remote areas to enjoy nature when the ceo appeared on "tech check" a couple weeks ago he noted they expect to have more guests than people to host meanwhile, airbnb has proven to be profitable, more than anyone imagined and reports on thursday next week. we'll be watching it closely more than a quarter, i'm waiting for the looming expiration of the lockup on insider sales, something that could hammer the stock and give you terrific buying opportunity there are other ways, yeti fantastic quarter and the golf stocks callaway, pool corp, leslie, these are winners. the bottom line, as the pandemic winds down, the great outdoors theme has more legs than you realize and could be a huge summer, bigger than last summer
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which means any stocks could have legs because so many of the big insurance titutional invests moved away from them john >> caller: pl mr. cramer >> yes. >> caller: what do you think about boeing, short term, long term >> boeing was chose last week in the cnbc draft and i think it was a brilliant call i think this $240, $50 stock will go to $350 because you'll see a flood of orders from new airliners. it not in the stock, buy it. david in texas, david? >> caller: jimmy chill, big boo-yah from houston. >> man, good to have you on the show what's happening >> caller: there we go i want your thoughts on disney do you think the price is locke in or more room to run >> here is the deal with disney. i felt last week maybe i would take profits in it but zeb and jeff that work with me at
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actionalertsplus.com said jim, this could be a real one you got to hold on to it so we did stay long and i think that it's going to have another spurt up after the theme parks open all over the world. now, i think the great outdoors theme could be on to something and now you know which ones have legs and remember, it's really important you understand this, it's a rotational market these are left behind so now the money comes back much more "mad money" ahead. why golfers capture our attention as a covid play. could it be worth considering as the economy reopens? i'll sit down with the ceo of a company sending millions of masks to india and warren buffet and charlie are dismilssers of the robinhood types. maybe you're one of them rapid fire in tonight's edition of the lightenning round so stay with cramer.
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especially e.v., electric vehicles, the stock gave us 25% gain since we first spoke to the ceo last december and s&p 500. it pulled back a bit over the course of march and early april. so could this have more room to run? let's check in with the president and ceo to get a better read on the quarter welcome bar to "mad money." >> thank you, so good to be here appreciate you having me. >> sarah, let's talk moxy because it's a better example of what they are about and others i'll get to but makes sense. i'm giving you the floor, moxy. >> yes, 2020 was all about covid and i think you came to know us as a result of specialty filtration media that goes into n 95 respirators but it's
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ever everywhere you saw the q 1 results and started to see with the economic rebound, the demand for our products is growing and we're not only growing here on earth, we're also in mars so we talked about this last time but it is lydell's heppa filtration what the moxy modular went, around filtering the co 2 out of the air and trying to turn it out of oxygen and we wouldn't have to bring oxygen up and it working as of last week it was clarified that indeed that is working and they have been able to capture enough oxygen for an astronaut to be up there for ten minutes already and it is lydell's heppa filtration is
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kept out of the model under extreme conditions it can be 195 degrees below farn hi -- fahrenheit up to 170 plus and when nasa needed to figure out how, it was lydall they came to we're not only protecting people and the environment here on earth, we're starting to do it in mars, as well. >> you should be very proud. let talk about protecting people on earth you have the ability to produce billions of masks. is it the right time to produce billions of masks given the time we're doing mass vaccination >> great question. i think i along with you and i'm sure your viewers are so excited that the global, the end of the global pandemic i think is in sight. i know we've got a long way to go in some regions of the world but we're certainly in a far better position today in the u.s. than the last time we talked and the answer, the short answer is yes look, did we as lydall anticipate the demand for n 95
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respirators? yes. did we put the manufacturing capacity in place to solve that? yes. even more importantly, is the specialty filtration solution that are needed now more than ever and as i said last time, i think the demand for this that of what's needed for the n 95 respirator to ensure the likes of you and i can go back to open spaces and places. heppa and things you've heard before is what is required now inside our homes and restaurants and schools, inside our hospitals to make sure we can filter the air, all the bad stuff out, keep the air flow good and keeping all of us healthy while we use those that is exactly where lydall played for decades, continues to play and with the new expanded center of excellence for specialty filtration, jim, we're working on the next generation
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how can building owners without any capital out lay exchange the filtration media, the filter in there. that's a huge game changer and what is most exciting is that the outcome of all of this is that all of us are going to be healthier whenever we're -- >> i totally agree in the little bit of time remaining, i promise electric vehicles your key in e.v. is tell us what you're doing >> it's not just about what is coming it about what is today because there is a big transition as you know from ice to hybrid to e.v.s when i think about lydall and e.v., i think about isolate and protect, right we isolate known hazards that might exist around the vehicle, be it the battery and/or as a result of the vehicle and the battery. we protect from electro magnetic interference and noise and do all of this by light
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again, cleaner, quieter, safer, that's what lydall does. we're the critical components in so many amp caspplications thatr we're safe. >> thank you so much you delivered fantastically for shareholders and extra cash to buy shares doing terrific president and ceo of lydall, thank you for coming on the show. >> thank you. >> these are the stocks we try to bring to you. younger viewers, think about this think about all the things you care about e.v., mars landing. this is exciting stuff but it also making money "mad money" is back after the break. coming up next. >> let's make money together what do we got >> cramer is bringing the thunder and answering your burning questions in today's
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it is time, it is time for the lightning round. buy, buy, buy, ell, sell, sell and then the lightning round is over are you ready, ski daddy let start with vincent in kentucky, vincent? >> a big boo, boo, boo-yah to ya, jim. home of the kentucky derby. >> we are big horse fans here. what is going on >> caller: well, i want to first thank you for your entertainment and enlightenment. >> thank you. >> caller: my question is about penn national gaming that came to my attention on your show.
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>> i liked that very much and came to ourattention because o the deal they did with bar stool and it is doing fantastically and deserves to trade higher a lot of business. let's go to alex in new york >> caller: boo-yah to ya. >> that quarter, they aren't getting enough credit for it this is not the same i'm a buyer. let go to eric in texas, eric? >> c c >> caller: i want to get your thoughts on ipoe soon to be sofi. >> you have to wait until it's sofi i feel like what happens, we've had a rocky moment so now we got to just wait until we see the whites in their eyes and don't
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make a move before that. i want to go to rick in illinois, rick >> caller: jim, how are you today? >> good. how about you? >> caller: great the inner circle and trading. >> fantastic. >> caller: you never mentioned this stock a great ceo that turned around and hosted and had an awesome quarter. the ip was done by jp morgan and i think this is one for the long term what do you think of hydro >> hydro i have been negligent because i looked at grow generation a lot and i'm a huge believer in this particular segment i got to have them on before i render judgement but boy, you're
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right in terms of the field of dreams, it's working let's go to mike in new jersey, mike, mike, mike >> caller: boo-yah, jim. how are you? >> i'm loving it. south jersey what is going on? >> caller: as i'm waiting and anxiously awaiting, i found a new, new renewable energy source amtx had a great run but it been beat up lately. >> these work. these plant matter -- these recyclable plants work that doesn't mean i don't have to do more work and i'm talking to ben tonight and this is one we ought to look at. seems very exciting but that is the sweet spot of investment right now. johnny in new york, johnny >> caller: hey, jimmy chill. boo-yah. >> chill back at you what's up? >> caller: doing great big fan of the show. >> thank you. >> caller: i wanted to ask
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really quick with palantir. >> they did a direct listing. >> caller: i wanted to ask, i know they hired bill today and the stock is floating around 20 -- >> i got to tell you, i saw that very impressive guy, the chief medical officer but i do want more i want more -- it's opaque, they are opaque, they're the only ones that are allowed to be wrote about. they are limited to those three and like palantir very much. they haven't moved up so maybe they ought to broaden the horizon. i have to give them a gig ever jiggle because they only write about three stocks but write about them very well how about diane in maryland, diane? >> caller: hi, how are you >> good, how are you >> caller: great i'm new at this and i've been wanting to buy sherwin williams stock. >> it's an excellent company and a great quarter. diane, a fabulous quarter. i am a little more neutral because i like lowes
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i think lowes is a better way because then you get a lot of other things and you don't have to worry about raw cost but that's a good one. let go to rick in new york, rick >> caller: hey, jim, awesome show and thanks for taking my call. >> thank you, rick, thank you. >> caller: my pleasure, really enjoy it i know youtalked a lot about nova cure on a couple occasions and i enjoyed the last 18 months because i invested in it it's up about 170% plus. and you know they're unique technology is attacking tumors, the electric field and i just can't help myself especially with some of the latest in the recent approvals the upside to me is beyond tremendous. >> i totally agree with you and i'll tell you something, rick. only you, me and a couple others, it still seems to be not recognized by the medical community. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightening
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you ever notice a ton of these stories always framed these people as lambs to the slaughter. these articles the presumption is that you've been getting into stocks lately and of course put money in a savings account that pays you next to nothing the stories are about how stocks become a bigger part of the average portfolio because they run so much.
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somehow they make that sound like a bad thing nobody has more harsh comments for younger investors that warren buffet and charlie. i do love the attitude and i don't think they truly want to drive people away from the market but seem to frown upon the notion of regular people picking stocks and talked about the casino attitude of the younger cohort they cut through, buffet and mongers seem to believe the new investors are fools and say it without an ounce of irony even though they came in when stocks were much, much lower. bu they sold and found no elephants to buy huh. a moe ment cap instead, they give us the endless drum beat how robinhood
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had the environment and that's a new development, always in a passive aggressive frame work. i can't let that stand it's good robin had has millions of people involved in the stock market, the greatest creation. some of these people will idiots that blow themselves up in apple calls? of course. sure especially if they only want to chase the same hand full of stocks but millions of new investors not only buying gamestop they made fortunes in assets guys couldn't touch. i'm tired of hearing the richest people in the world tell regular investors they shouldn't beat the market i've seen so many people beat the market, it's beyond me you can argue that my staple is purely anecdotal and my business started in 1989 and been doing the show since 2005. i seen an overwhelming number of people beat it obvious with fang.
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they bought when warren and buffet weren't interested. i welcome them to the fray do they believe robinhood when they said there is an old guard that doesn't want average americans to sit at the table so they resort insults. it's combined with a sense of oblique and believe me, robinhood's hands aren't that clean and payment and flow it's how they make a living, not happy about that i believe a lot of people should be rebated and a lot of money should be rebated to show faith of the craziness, gamestop, amc, near shutdown at the end of january. we make that money to them involved in your trading i know buffet but their version i remember back when they had they bought apple and the iphone
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and that's exactly what millions of these new investors have done over the past year they should be celebrated. so the next time you see someone like buffet complaining about kids these days, why don't you take it with a grain of salt i like to say there is always a bull market somewhere and i promise to find it here on "mad money. i'll see you america reopening, big moves from new york city to florida. i'm shepard smith. this is the news on cnbc airport traffic at pandemic highs. tens of thousands back to work in new york. >> right now we're doing slowly. i'm coming in twice a week. >> restrictions dropping along with covid cases the encouraging numbers and risks we still face. at least four dead and dozens hurt. the latest on the suspected smuggling disaster off san diego and the warning that came too late donald trump, back on
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