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

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>> tony z >> seeing slow down on mobile gaming put spread on es. >> mike khouw. >> baseball is here hit singles td use diagonals to do that >>hat does 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, just trying to make you money. my job to entertain, teach call me or tweet me @jimcramer nothing takes out of the equation than a weak employment
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number we got the weakest that i can recall 744,000 jobs missing the experts predicted we would create a million jobs in april, instead 266,000. i would fire every expert. you would think that would be bad news missed in terms of how few jobs were created wrong. for the stock market that's great news nasdaq jumped .88%, even the nasdaq was up. the big concern right now is that a booming economy will force the federal reserve to slam on the brakes by raising interest rates and a huge part was the fabulous job market, yes. with such a disappointing job number, jay powell has a lot of leeway if unemployment is above 6%, that person really does sound like a crank of course, we know that i inflation pressures are building everywhere i know that. i'm not oblivious even if some
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are temporary. i don't think corn will always be at $7 but the job growth is held back by unemployment benefits lots of employers can't or won't watch the payments so you can't blame anybody for taking the money and staying home i've been willing to far exceed what those employment benefits play but so many aspects are positive we're not getting any takers even with these issues, the labor department report is considered and gives powell the rates he needs to keep rates low and stock buyers have another month they don't have to worry about the fed. the result huge gains for the stock and the best performers being the bigger cap tech names that roar when the economy is down shifting and the economy may be doing the exact opposite and inflation at the end of the table. can this incredible bullish scenario hold up we don't have to wait too long because on monday morning, we get a result from a company very sensitive to the issues we're
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talking about when it comes to inflation, which is tyson foods and whether the budding chicken shortage will drive up prices and animal feed keeps going higher and higher and getting out of hand. will that be ignored again, it probably won't matter. we also hear from marriott international, i would like to see what their bookings look like expedia said pleasure trips are filling hotels but business excursions haven't come back at all because everyone is using zoom you would be surprised when one of my absolute favorite simon property group reports and i bet they shoot the lights out. it's doing incredibly well dom wood the ceo of federal reality, two different things has explained brick and mortar retail is booming to wealthier communities. the simon bread and butter is there. they own eight malls, eight. that's not a mall, it's like the
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great. petroleum reports, too, and we have stellar numbers in this environment and crude sells for more than $60 a barrel i bet oxy is one of them i like roblox, the safe beginning for kids it became a direct listing that under value stocks this may be your chance to buy shares before it gets closer to a full valuation some people think i like it too much i don't know i like it a lot. i think it's a shmart company p palinter reports tuesday evening. it's beloved by 10 million wall street crew over reddit. they call themselves degenerate if the fundamentals don't mirror it so it can be another opportunity to do buying stocks down big from the mid 20s. after the close tuesday, we're hearing from a company i'm focused on because it's in my
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living room, vizio it can give a read on cord cutters and the semi conductor shortage i think of it in tandom. it can become a big stock but this may not be the right time wednesday morning we get results from wendy's it has a nasty way of going down on earnings and champion wendy's as my wife champions the baconator you want to see a quarter before you pull the trigger. so i have to think this online dating competitor bumble can do the same next wednesday night. i like bumble. it only came public in february but sunk to the 52-week low this week i told you people turn on ipos the setup for the woman online dating play is very good
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if you own it all the way down, you hate to hear what i said it's like cathie wood and the amazing interview where she liked the fact that she had taken a beating on a bunch of stocks i like it when stocks go higher. sorry to be critical do youknow grow generation the retailer that's become a key player in the cannabis supply chain tends to sore after reports? i bet this will be no different as more cash strapped states embrace legalization in order to pay bills. thursday morning when you hear from alibaba, why does this matter it's the only chinese stock i really champion on the show and i bet it gives a terrific quarter. china is well ahead when it comes to the post pandemic recovery and alibaba should put up stellar numbers thursday evening, a stock picker's paradise. disney, door dash, airbnb report at once. they have the best story going forward. door dash lined up amazing partnerships during this pandemic and can make good money
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now but maybe not great money because so many people want to dine in person now that they have been vaccinated airbnb might tell a terrific story but the stock is expensive when the market turned against the highest flyers airbnb isn't business, it's pleasure and pleasure is booming. coin base is a mystery given the crazy crypto world, the business is booming. because it's a dreaded direct listing, we have no idea where the sellers are and what it's worth. i don't trust the stock price. friday we get retail sales, a barn burner. if it weren't for today's employment number, we might see a surge of bond yields with the fed pressured to tighten the labor report trumps retail sales but i'd argue retail is a big comeback story and we're likely to have more than just temporary inflation. who knows? maybe it surprises to the downside just like the labor report although i certainly doubt it the bottom line, i know the conventional wisdom says sell in
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may and go away but that needs to be retired at least when it comes to the first week of the month when lots of people hold on to stocks did well and weren't freaked out by the -- never mind i don't want to say it because it's a family show the fed remains our friend, i bet we can keep climbing et let's go to gary in california, gary >> caller: this is gary calling from big bear, california. how are you doing? >> doing well. how about you? >> caller: just fine, thank you. awhile back you gave an endorse 789 ment for american tower, symbol amt and based on your endorsement, i've been following the stock for awhile before i buy it i get a notice on my phone the other day that has me questioning some things i'd like to discuss with you. >> sure cal. >> caller: it announced it would raise capital by holding a public release of 8,500,000
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shares of stock and that makes me wonder what it does to the distribution of yield, the payoutmetrics. >> i can't answer all of this. it was a great thing and priced at 244 and just to show you how much people love the stock, it went out today at 247. that shows you the strong demand people want the tower stocks, dividend stays at two. i prefer crown castle with a higher dividend and better growth rate and it's been a huge winner for actionalertsplus.com my charitable trust. polina in virginia. >> caller: hey, jim. my question is this, during the past 5 two weeks, novavax a 33-year-old company yet to produce a vaccine hit a high of $331 per share albeit receiving 1.6 from the federal government. a 13-year-old company who only vaccinated the covid vaccine hit
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$213 per share moderna a 10-year-old company only produced the covid vaccine thus far only reached a high of $189 per share moderna received federal planning of $1 billion and a federal contact -- >> i can tell you the answer novavax isn't worth what it's selling for and moderna isn't, either novavax should be lower and moderna should be much higher because moderna has so many other things in the fire i love that company. i think it's terrific, but you know what? nate speaks to them in the morning. i had it first when the stock was at $18 i said smart guy the jobs numbers turned out to be good news for the stock market and with the fed on their side, we can keep climbing on "mad" tonight as people become vaccinated, is planet fitness looking to be in good shape and
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jessica al ba's longest running role, the company she co-founded but is it worth getting in on the honest company i'll give you my hon fesest com and following a surge of pet adoptions is land co in a benefit? 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 call us at 1-800-743-cnbc misso miss something head to madmoney@cnbc.com. blatch with a bang, energy and change came to every part of our universe. seismic or small, it continues.
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. what do you do with the obvious reopening plays that aren't necessarily going up all the time take planet fitness, the gym chain with a stock that exploded higher once we started getting positive vaccine news in february when the company was finally fully able to reopen analysts downgrades on valuation concerns, just got another leg lower last night a meaningful top and bottom line miss and it tumbled 4% today still, there were real ment had bullish territory and ifit we have to learn about. with the stock down 15% from the highs in february, could this great reopening play be worth buying let's check in with chris rondo, the ceo of planet fitness. mr. rondo, welcome back to "mad money." >> thanks for having me. great to be back. >> let's compare you not to 2020
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because obviously things were bad but where are you versus 2019 in terms of traffic, members and a sense of what you think the future holds >> sure. i honestly couldn't be happy we know how business is reacting and it's what we envision as vaccines get distributed we have 800,000 net new members since january. we are already back 40% of our height of q 1 of 2020. so we're making our headway back here and some interesting trends we're seeing is that out of the joins we're seeing, march, season ality change, march we sold more net member growth than march of '19 and april was on par with april '19 up against a ten-day national sale in april of '19 the seasonality shifted as vaccines are getting distributed. the people are coming in and
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joining at great bases 4% of our joins coming from closed competition and 30% of our joins are coming back to us from former members. we are -- that usually is 20%. so we have brick and mortar, which is great and the workouts is a little over 80% now of normal workout volume. we're getting right back to where we were. >> what this tells me, chris, is that despite people saying that people discovered ways to be able to work out at home, there is a core group of people that -- millions of mpeople tha like to work out with other people around. >> so true i mean, it's funny everybody has a kitchen at home and everybody still goes out to eat, it's a better experience, better food, more fun, you're around people. i have a great gym in my basement, i still go to my local planet why? it's inspiring and motivational and 5:00 in the morning and i
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don't want to be in my basement. it's fun, it's exciting and you have more variety. >> tell me about the technology -- i would say the things you probably have all along but are really focused on because they seem so cool and they're right here right now. >> yeah, we can really use 2020 unannounced this was going to happen natural by but we had a lot of time to focus on digital because we weren't open for many months for business. we saw the digital endeavor that we were on and i couldn't be more excited about it and having a lot of fun because we think about this industry, jim, we -- this industry, unless you came through our front door, we never engaged you. we didn't have you working out at home or outside we didn't give you content we didn't get you engaged on your wellness journey outside of our four walls for the first time, planet, we're the first one to go down this road, we're able to give our members service outside our four walls which can only create
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a happier member, which is a stickier number. it's amazing with technology and the app we have is deliver content, we can have the platform we can go down the road of nutrition and diet and meditation and just really give members more value. >> now, what do you think about my theory that i've been saying about you guys which is that there are a lot of under capitalized gyms that did not get through this period but the people that belong to those are going to go and sign up at planet fitness do you have a geographic map of the country where many went under what are you drawing from those? >> yeah, as i mentioned, 4% of the joins at this time are coming from closed competition forever. the industry trade group reports 17% of all gyms are permanently. 17% are closed they predict it could be as high as 25% by the time this is said and done and 60 million members so if you do the math, that's a lot of people that work out but
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reminder, that's on top of the fact we cater to cause well first timers and 40% of our joins have never joined a gym in their life that made us successful is we're spending the market and accountable for over 100% of member growth in the industry for 2018 and 2019. now you have closed clubs on top of that, i couldn't be more excited about the future. >> one last question, what is your rap about your employees needing to be vaccinated or not? >> yeah, we're not mandating that right now at all but we do have a mask policy for all staff while working the whole time, but we'll have to watch and see what happens over the course of the next few months. >> excellent thank you for being straight with us, as always chris rondo with some numbers that i thought were not bad but the street got too excited ahead of the reopening thank you for being on the show, chris, good to see you. >> thank you, my pleasure.
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>> that's chris rondo, ceo of planet fitness you've been recommending the whole time and we're not backing away from. stay with cramer. >> announcer: coming up, an honest day's work for jelssica alba on the nasdaq but should they get in on the honest company's ipo? 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*
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regular viewers know i'm sick and tired of spec ipos. we got one that caught our attention, the hon fesest compa. it is interesting because in recent weeks the ipo market started cooling off. you're not seeing deals priced way above the proposed price range as frequently as they used to you're not seeing so many huge spikes right out of the gate, which you know i think are
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somewhat unhealthy in general, you're not seeing great performance at all it didn't help the coin base landed with a thud three weeks ago and remember, coin base reports next week. if you ask me, i prefer an unenthusiastic ipo because you can find descent opportunities unlike last year when these stocks would instantly the first day become way too expensive which brings me back to the hon fest company this is a textbook example what can happen when under writers don't let the stock get away from them. the ipo priced at $16. that level of the honest company is valued below what it got in the last private fundraising round then because the deal was reasonably priced the stock went up and jumped to $21 and more climbing all the way up to $23, that's a 44% gain and people did get in the deal. of course , since then it pulled back which means you can get a bite at the apple here so the
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question is you should take it now, i did say that at 16 $16 it was good but at $19, i got to say no at least not at this level why? the honest company is a packaged goods company with a twist they are about clean and natural, growing faster than most of the industries three major divisions, diapers and wipes that count for 63% of the sales and skin and personal care and household and wellness represents 11% think of it as a clean and natural diaper play. before the pandemic the honest company had digital figured out and got their start selling online it accounts for more than half the business they like that they invested heavily to build this out they have jessica alba as the face of the company and if you weren't a big fan for city, it's a big draw for people. if the hollywood connection makes you feel like the story is a gimmick, that's not something i'm worried about. a few years ago they brought the
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ceo of clorox. talk about a great hire. so what's my problem with this thing? good bloodlines, great products, natural, people in the office use them with their kids i got two issues one is timing and the other is valuation. by timing, i mean the honest company is a consumer packaged goods plan and you don't want to own when the economy is booming. today's unemployment number is not a sign business is falling off the cliff but the federal reserve can get away with leaving the rates low and letting the boom continue. you don't buy the diaper stocks when the economy is on fire but slowing and the industry is up against difficult comparisons thanks to the stockpiling in 2020 when the world went into lockdown if they had really stellar numbers and doing something totally revolutionariry, i would be willing to make an exception but that's not the case this is a good company with a quality brand growing faster
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it's not in a league of its own but a better house in a not so hot neighborhood it grew sales at 27.6% clip last year which would normally be impressive for a packaged goods play but in a covid economy, they were par for the course clorox has been around for 23% growth last year it growing faster than clorox but not that much faster of course, investors don't like the consumer package good names. these are enticing because they have enticing numbers and big dividends. not the honest company they are losing money. if they backed out of one-time items last year, they would have made $1.8 million or 2 cents per share. we can tolerate losses, right? super high growth rate but the honest company has been around for nearly a decade and there is nothing stellar about the growth of course, the margins are improving. it should be profitable this year and that's not a bad place to be.
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but if this is supposed to be the better for you faster growing diaper company with an esg kicker, i want a faster growth rate. for 2021 the growth likely slowed to the 7.8 to 10.5% range. they are really looking at high single digit growth. this year, church and dwight and colgate are looking for the growth which brings me to valuation if the honest company is trading in line to the peers, buy it hand over fist but it's not trading like consumer product but a fast growing tech stock. they have a market of 2.3 billion assuming they can grow at a 10% clip, the high end of the guidance for the first quarter, they can do 330 million in sales this year let's see. let's put pen to paper they are trading at seven times this year's sales estimate not earnings i know it's unusual to use the price to sales ratio to judge
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the play we usually do that with enterprise software companies but what else can we do? they don't have earnings and cash flow negative sales are all we got the honest company is trading at seven times sales. that's a huge premium four times sales, colgate four times sales and clorox three times sales maybe a better comparison would be simply good foods, the better for you package foods play simply good foods trades at 3.6 times sales. even though it's expected to grow at a 15% clip, much faster than this and it's also profitable, if anything that compares to make the honest company look worse i know it sounds like i'm dumping on it. it a real good company with good products and does deserve to trade at a premium the problem is how much premium not 100% premium given the honest company has, let's say it called a co stock potential where i can see people buying and holding shares just
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because they love the product. i can see maybe paying an outrageous amount like five times sales. that's $14 down $5. the bottom line, i like the hon fest -- honest company as a business but the stock, the timing is wrong and price is too high. even if you want a piece of it, look, i think you'll get it on a pull back and goes to the mid teens. you can afford to be patient there is no hurry to own any packaged goods play right now, least of all one does not make money and sales at a high multiple to sales. joe in california, joe >> caller: jimmy chill, hey, i want to say i appreciate all you do for us who have the stones to manage our own money but also as a comedian in l.a., i learned more of stage presence and how to be an entertainer from you. you don't get enough credit as an entertainer you crushed it in "iron man" and i'm here to talk about posh
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mark i believe that it's a reopen play that's getting miscategorized as a stay at home stock almost like reopen etsy and my friends who sell on posh mark, poshers have been killing it saying sales are at all time highs. i think people thought like because the growth wasn't there in the last quarter, that maybe it wasn't like, you know, it just wasn't -- didn't have the growth prospects but i'm telling you i think this is a real winner. >> i got to tell you something, joe. thank you for this kind comment. i did work on my timing when i started the show and watched a lot of comedians in practice because i knew i have the most boring subject in the world. thank you for getting that second, my daughter is a posh marker she is selling all the time on posh mark and she herself said dad, this thing is just a great, great thing. it's a habit it's something you can do all the time and i thought that the stock should be doing much better. i'm with you
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i don't regard it as a close or open it's a good business and people say listen, it's too expensive versus other stocks. i think they got something really going for them. they have loyalty. i'm with you, joe and thank you for the kind words i'm going to keep it honest with you, i like honest the company but i think the stock is a little too expensive, okay if you really want in, i'm telling you if you're patient, you will get it at that offering price of $16 now, there is much more "mad money" ahead including my exclusive with a land co is it all park or bite with the market when it came public, it had way too much ag animal and now it got a lot of head animal and why are instincts could be more important than the direction of a stock when it comes to investing and of course, all your calls on rapid fire in tonight's edition of the lightening round so stay with cramer.
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- ( phone ringing ) - get details on this state program call or visit two and a half years ago land co health was sparked by eli lilly but after plunging at $16, the stock more than doubled including a nice 6% move today it's been a huge boom for the animal health business when people realized they would be stuck at home for months, pet adoptions soared and elanco got an accusation with the animal health division, that purchase is what made this stock rumble, believe me and the company is getting a boost from rising food prices it an inflation winner because
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when beef is more expensive, rar ranchers have an incentive to raise cattle which brings me to this morning when they had a 22 cent base higher than expected sales, better management raised the full year forecast this is a quarter many shareholders including me have been waiting two years to see. no wonder the stock took off can you keep running let's check in with the president and ceo of elanco animal health. welcome to "mad money." >> great to be here. thank you. >> that acquisition made it so it's exactly what i wanted, which is a great play on animal health and a great play on companion animals. it's really changed the way people look at your company, hasn't it? >> it's been a lot of hard choices since we were on the floor kicking off this company in september of 2018. >> i remember. >> it's made us a durable number two independent animal health company.
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it the first quarter, jim, in almost 70 years pet sales were larger than livestock. diversity and durability prepared for a great future, absolutely. >> maybe i'm selfish i told you when i saw you on the floor. i know people at home love their pets and they want pet stocks. they do. they have their pets and want pet stocks you have incredibly important drugs and pipeline of drugs in both animals and pets but speak to us about the pets because that will get people as excited as they should be about this stock. >> yeah, so the biggest market in pet health is parasite prevention and we have the broader portfolio, largest portfolio in the largest market, the tick, flea, heart worm market but we're leaders in plan and have a product that we say when the dog gets a little holder and we added 10% to the dog's life, 20% in the last ten years, we've got the best
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product for ost owe owsteoarhtid wellness visits and clinics are up 15% we have one of the largest vaccine portfolios so exciting. we're headed into so many exciting areas we're launching a kidney disease product for cats we have one of the largest feline portfolios. there is more cats than dogs, as well that's exciting. >> i love them both. at one point i had six cats. i get it i'm going to use a little joke here, a fat cat drug >> we're actually headed down the road looking at the whole diabetes area. i mean, that to me is an area of opportunity for us as we continue to move forward. >> because i think -- >> another -- >> weight of cats and weight of dogs is something that all of us get in trouble on because we always want to feed -- they are always hungry.
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we over feed them. anything you have along those lines is terrific. >> yeah. you know, another statistic, jim, we've talked a lot about is everyone is talking about adoption i'll make a plug on a statistic we saw that was therational, one of third of pet owners aren't going to the vet and now during covid, one-third of pet owners are deciding hey, i like to buy online. there was a ten-year start with well-known brands that were otc. we're large customers of chewy and amazon and what we see is down the road meeting pet owners where they want to shop and leading in the fastest growing health market but also bridging that vet narcoerinary in and the been front line in this profession by doing everything from telemedicine to curb side
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to meeting pet owners where they want to shop. >> we talked, of course, to our i have a niece who married another vet. before the show, talked and said what about this? there is these articles that are out there, and they said pretty much what you said in yours, millions upon millions of animals had this product and it may be -- my doctor said it may be counter fit product we think it counter fit. they're happy to sell it we were using it can you explain to people how something happens like this where you have 27 million, 25 million pets use this drug and/or give this drug and somehow it got tagged as being a killer >> well, there is absolutely no affiliation with the active ingredients.
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there are no links between ingredients in seresto and a pet death. what we do as an industry matters and matters to the people in the industry and with elanco, the health and well being of the pet and tick and flea prevention matters and we don't want the misinformation to lead to non-use. this is a safe product as you said, $70 million over the last decade, 80 countries approved, the fifth largest product ever in animal health and, you know, we continue to see this product it's one of the most trusted brands over 90% loyalty rate to the brand. why? because it's convenient. it works it's economical. you can put the collar on and for eight months forget about ticks and fleas. >> i wanted to join because of that i didn't know about this stuff if you're using it, you don't think there is anything bad and your doctor tells you there is
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nothing to worry about that's what vets are telling us. i'm with you, jeff i think that this merger is a terrific one we could have talked all day about swine fever and we didn't get to do that you got something for that, too. this is the one now. i really think yours is the inexpensive way to play this incredible humanization of pets that you and i both share. jeff simmons, president and ceo of elanco health thank you for coming on the show. >> thank you, thanks, jim. as much as i like the quarter, this is a much less expensive stock and i think it's got after this acquisition, the bright breakdown of companion and also the animals that, well, let's just say ag an himals. i'll be kind and say that. "mad money" is back after the break. >> announcer: coming up next, cramer is bringing the thunder and answering your burning questions in today's edition of the lightning round.
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it is time, it is time for the lightening round, buy, buy, buy, sell, sell, sell and then the lightning round is over. are you ready, ski daddy time for the lightening round. let start with scott in north carolina, scott? >> caller: chill man, boo-yah. >> oh, boo-yah back at you >> caller: you are the best. you're a national treasure. >> thank you, man. thank you. >> caller: i've made money listening to your action alerts, pal. >> got a big meeting next week
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big club call. be there. >> caller: i'll be there i'll be at every one you make me a lot of money, thank you. ji jimbo, here is what i need, i need your opinion on high speed internet calix. >> i like it it's high speed. you know i'm a conservative person and calix, those are good i would rather have high speed so i'll actually do the unthinkable and recommend comcast, which is a company i work for, but it does have the best high speed business daniel in massachusetts. >> caller: jimmy, hey, i'd love your thoughts on gmvl. >> i just looked at this company and i think it really good i put together a bunch of online gambling companies i'm looking at draft kings this is a very good company. you're in good company let's go to gene in ohio, gene
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>> caller: jim, thank you for taking my call most of all, i wish you good health. >> thank you, buddy. thank you, thank you very much >> caller: you're very welcome i would like to know if my stock is a groowth company and what i thefuture based on the busines and does it have much competition? is it worth buying more? the company is symbol fis, fidelity informational. >> it's a terrific payment service company. doesn't get enough credit. i like it very much. i think it goes higher and if you want to buy more, i'm fine with that. by the way, these financial service company, i'll put it out there. square was one of the best conference calls i ever read and i think square is my favorite in the group close rival to paypal. let go to -- i'm going to get this wrong ivelaw in new york. >> caller: boo-yah, jim. >> boo-yah. >> caller: this is ivelaw from new york
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is american airlines a good opening play >> american is good but southwest is better. i know southwest is higher and i know american airlines is cheaper than any price best of breed is luv let's go to ben in california, ben? >> caller: big boo-yah mr. cramer. >> wow good to have your on the show. >> caller: please give me your thoughts on ticker ri gl. >> okay. all right. so listen, this is really, really tough it's got a lot of different inflammatory auto immune competition out there and so i'm not -- speculative stocks in that business, i'm not going to call it a fade i'm not. jason in new york, jason >> caller: boo-yah, jim. >> boo-yah. >> caller: my question is this, i currently own shares of energy product partners with quarterly earnings beating estimates by 14 cents and a dividend of 7.74%, should i increase my position and buy more >> i want to get -- it's --
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remember, it's enterprise. i'm not trying to correct to be mean or anything there is an energy i don't want people to cget confused one is good and one is not enterprise we covered that dividend i talked to my absolute expert this company is more than just oil and gas. it's all sorts of plastic with a lot of fractions it a well run company and the answer is it's a buy so yes, epp, which is also of course, that's the -- it's active symbol is evp as enterprise private partners. let's go to bob in new jersey, bob? >> caller: boo-yah, cramer. >> boo-yah. >> caller: you're the best i just want you to know you're a great teacher and i learned so much from you. >> thank you thank you very much. chill says thank you what's up? >> caller: i want your opinion
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on luminar. >> autonomous vehicles, i've had it up to here with autonomous vehicles they're all very fun to look at and fun to taste but if you break them or whatever, what is that thing when you go to a store, that's how i feel about them they're broken i don't recommend. that, ladies and gentlemen is the conclusion of the lightening round. >> announcer: the lightening round is sponsored by t.d. amer ameritrade coming up, do you have what it takes to trust your instincts? it's a friday gut check with cramer, 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
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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. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ stay restless with the icon that does the same. the rx, crafted by lexus. get 0.9% apr financing on the 2021 rx 350. experience amazing, at your lexus dealer.
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you can't presume something is wrong just because the stock sells off in response to earnings but that's what so many traders do earning season is a confusing time and the market's initial is often wrong. take ochtwo companies that reported, both delivered sharply better than expected sales and on their way dominating the areas in the entire national
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economy which is gambling and both are exceedingly well done penn national harnessed the empire and draft kings i've done for a full disclosure as an electric website and easy to use and big time partnership with gamblers every week after the stocks went down after they reported and when a stock goes down, everybody rushes to find justification for it. we love to make executions for the action but actions are plain wrong. i almost immediately heard the quarter is not good and gambling peaked that is not true there were sellers for reasons unknown. we might never know. that's why i like to do my analysis in a vacuum i read the conference calls of companies like these at my home at night with no distractions and i can form late my what migt happen and why the stocks are worth buying regard loss of the direction of the stock when i look at pen gnanat and d
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kings, i like both i'm convinced the sellers are off base i feel differently if either company management said they expect this to tail off once the pandemic winds down. that is the thing we heard from cramer fav etsy the other day. that was a good- buy today if you stop letting the stock tick ta dictate your decisions, you're much less likely to make mistakes and sell at the bottom. let me give you more examples that are stark so you get this, at let's week we had the ceo on the show i ex i examined the quarter and refused to let the stock sell off. i came to the conclusion and told you that sintine should be bought the stock went down more
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i refused to double down the sellers were wrong i figured they knew less than i was. boom the stock is now up 18%. came on the show when it reported at the start of the show and a lot of people they looked at the numbers and said i didn't do anything like that i did it all in a vacuum and i'm glad i didn't because other than after listening to the ceo leon on "mad money", i knew that this moment may be the best it has ever been in the 40 years that i have followed new core i knew it was a mistaken and i told you you had to buy. the only regret is i didn't pull the trigger for my charitable trust. i missed a 30% move. 30%. so next time you get shaken out because of the action, i need you to remember examples like
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new core trust your instinct, not the direction of the stock if you do your homework more often than not your judgement should be better than the markets itself i like to say 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 the"the news with shepard smith starts now the news with shepherd smith starts now >> the troubling jobs report a reality check on employment and recovery i'm shepard smith. this is the news on cnbc >> now wn should underestimate how duff this battle is. >> the forecast wildly off jobs are not coming back as hoped. too much government assistance tonight, the problem and possible solutions >> we still have a long way to go >> on covid restrictions, is anybody listening? >> i think we should start lifting these restrictions >> tonight, pressing the point public confidence on the line. >> we are on the right track >> new york gives free vaccines to

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