Skip to main content

tv   Mad Money  CNBC  May 18, 2021 6:00pm-7:00pm EDT

6:00 pm
quartet, take five played it didn't sing it i'll take three off that and take two melissa. >> all right, thanks for watching "fast money." see you back here tomorrow at 5:00 for more fast meantime don't go anywhere, "mad money" with jim cramer starts right now. 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 creamer welcome to had money welcome to cramerica other people want to make friends, i want to make money. my job is not just to entertain but educate and teach you. call me or tweet me @jimcramer it's not just a reopening but a reopening in a country that is flush with cash.
6:01 pm
on a day where the dow slipped 267 points s&p shed 8.5%. and the nasdaq it only went down .56%. the national past time, never changed even during the pandemi and we have to focus on that nasty day or lose sight how to make money you can't stop an american consumer, a pandemic can't stop an american consumer with a clean balance sheet to leave the house. after over a year of house arar arr arrests, we're scott free. most manage moneanagers are outf touch with the everyday american we get tremendous numbers but they can't figure out what is going on for example, they can't imagine people would be eager to go to walmart even though that's the first destination for hundreds of shoppers however, if the money managers bother to visit a
6:02 pm
walmart, they would know we're seeing a massive amount of spending on groceries, apparel and leisure items at the clean bright stores well supplied and well kept. walmart did well on hard lines and seasonals. it's the place where people go when they have some money but don't want to break the bank most wall street guys can't get their head around this because the industry is full of terrible snobs. they would rather be caught dead than in a walmart. just as important like most retailers we heard from the earnings season, there was no bellyaching about a supply chain or rising cost they can't pass on the consumer. walmart has tremendous scale it immunizes them against many problems the stock of home depot got hit. there were too many analysts that didn't like what is called the cadence of the quarter, the way it went from month to month and may is weaker than the previous month may is a big gardening month so it didn't seem to matter that the same store sales were up 31%
6:03 pm
a staggering number. the number was considered inflated because of the ridiculous escalation of the price of lumber that's begun to come down. listen, i get eit we have a number down 9.5% the paint was weaker, too, according to home depot but i don't think that reflects genuine weakness in the consumer we're seeing an important pivot for people spending money on remodelling to people spending money on everything else we have numbers from macy's. the same store sales were good but the main focus is the best performing segment, luggage, yeah, luggage. americans are going places buying jewelry and watches and perfume. you can focus on the stocks or the stores themselves. i think walmart down ten points from the highs is a gift for you. i suspect the analysts who again are not drawing to walmart maybe didn't realize how important the millions of vaccines would be to luring in shoppers i expect many upgrades in the next coming days listen, you under estimate
6:04 pm
walmart. two weeks ago i went to my local walmart for a pitching pole and came back with jackets, hats, boots that are so good and so cheap i couldn't believe my eyes shopping at walmart was like going to a foreign kcurrency and walking aisle to aisle until you pay with a powerful green back it walmart proved today there is room for them with amazon. how else do you play this? you have cruise lines that got the cdc to check off on cruising that pent up demand is when the stocks are way down as they take on a ton of debt las vegas is a natural place to go now that we can travel again and don't need all sorts of passports with multiple pcrs vegas can work i like wynn resorts. they seem to know what they're doing. third, i like disney now that
6:05 pm
it's derisked by the short fall and disney plus subscribers and a conference call that made me feel like maybe my trust was sold don't get me wrong, disney plus is important but it's not as important as theme parks, movies and cruise ships going back to normal speaking of movies, you might think amc is moving too much with the meme stock. i disagree i think amc is up because it's safe to go back up to movies again. this is the last man standing. they want to prove that they can drive the stock to the 20s and they're crazy enough to do it. next up, the strength and fragrance, ulta beauty reports next week. we bought more for my travel trust and do that by joining the actionalertsplus.com club. again, like wynn norwegian cruise and disney, the stock is down i'm giving you stocks that are down i want to highlight one that got taken to the wood shed, airbnb that told a great story for
6:06 pm
everything except for international and unleashed 155 million shares a huge amount so this stock got crushed yesterday. i think you have to buy some now while offering a still settling. the smart institutions know to buy this maybe because money managers actually used airbnb they will buy some i know today is hard to read rallies in many woodstocks, the high growth names beloved by cathie wood. undoubtable money manager synonymous with incredibly over valued stock when i talk about the woodstocks, stocks like palinter and cybersecurity plays caught fire, too. another group that goes up when commodity prices go down like lumber and oil, it works in strange ways, doesn't it of course, att att was down again as their executives and board members are accusing the widows and orphans and grandmas who own the stock of being foolish short term
6:07 pm
thinkers because they don't want the dividend to get resized. i wish att would just admit they screwed up when they bought timewarner but corporate america ha ha hates it big banks cover for each other all the time they laugh all the way to the bank i'm not saying the people that run at&t are snickering with well fed oysters i would never say that that menu is too tasteful. if they are snickering at you, they would be doing it over crystal. they are out of touch with the american consumer or those who seek income like they did from att. the wall streeters have no idea what tens of millions of people are doing with their stimulus checks not to mention the money they have saved up over the last 15 months because there is very little to spend it on. the bottom line, the baton is now being passed from the stay at home names to travel leisure
6:08 pm
plays. not too late to bet on the transition since wall street is so behind the curve with the real story if you want to take the pulse of the market, go to the mall or the nearest shopping center or walmart and see what regular people are doing with their money. it's not that hard unless you're the kind of snob that refuses to set foot inside a walmart and are much the worse for it. allen in florida, allen? >> caller: jimmy chill i have a number one seed 76ers boo-yah to ya. >> that's a correct appalachian but that seven and nine and eight and ten, i don't know, i got to go back to figure out who we're going to play. what's going on? >> caller: yesterday, they are going to continue to build massive indoor green houses with robotics, artificial intelligence and software but they're also going to license out their operating system to indoor farms all over the world. the team will serve as the
6:09 pm
control center to manage the technology for farms that would not otherwise have red quired expertise. this would allow thousands of indoor if ifirms to use the technology is this a game changer >> well, i think the problem is of course, this is a crowded area now there are a lot of companies doing what they're doing so i mean, i think it's okay. we have one on last night -- here is my problem with it overall. i think that it's a great idea but we need to have more states legalize and legalize now and i don't think you're going to see a bunch until later on in the year so i keep my palate dry jeff >> caller: boo-yah from texas. love the show. love the enthusiasm. >> sure trying what is up >> caller: one of my largest positions is in boeing i've been buying with a price of 225 but haven't heard news of significance lately -- >> i think it's going to be a bad quarter. my travel trust owns it but i
6:10 pm
think it will be a bad quarter the execution is so terrible who is going to buy a plane when the plane is sidelined so boeing has to get its -- they have to get their execution down they have to or the next quarter will be bad, too. when travel trust owns it, taking a beat down here stick with it probably goes lower and then higher. all right. the baton is being passed from the stay at home names to the travel and leisure plays and i got to tell you, please, go to a walmart. you will be quite surprised. the grocery aisle is fresh as can be. on "mad money" tonight i'm sitting down with the ceo of rathion and what does the fear index tell us? we can find out what is to cop a come and amid the border rally, a remarkable move is from cigna jewelers stay with cramer >> announcer: don't miss a
6:11 pm
second of "mad money", fo 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. in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next.
6:12 pm
comcast business powering possibilities. this is hannah - she's a posh virtual receptionist. when you're busy, she answers the phone. thank you for calling the anderson group hannah speaking. when you're in a meeting, ashley can take a message. she's not available, but i'd be happy to take a message. and if you're stuck in court, lisa will let your clients know. thank you, mr. decker will call you back as soon as he's available. when you switch to posh, you could save up to 40% off your current service provider's rates. you can't be in two places at once, let posh answer. posh virtual receptionists.
6:13 pm
another day, another chance. it could be the day you break the sales record, or the day there's appointments nonstop. with comcast business, you get the network that can deliver gig speeds to the most businesses, and you can get the advanced cybersecurity solutions you need with comcast business securityedge. every day in business is a big day. we'll keep you ready for what's next.
6:14 pm
get started with a great offer, and ask how you can add comcast business securityedge. plus, for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. as we start getting ready to go to near normal, united technologies emerged area space with the old raytheon. they have excellent long-term forecast 6 to 7% compound avenue
6:15 pm
growth with massive margin expansion. given the terrific guidance we got when the company reported last month, this is an amazing story. i'm glad the stock pulled back let talk to the ceo of raytheon technology welcome back to "mad money." >> good afternoon, jim, how are you, sir >> good, greg, and i hope you're the same. >> always. >> i'm looking at a series of projections you made and you either, despite the pandemic, despite the crazy things going affirm or raise every goal and gave us some 2025 guidance when companies are hesitant to give us 2022 guidance where does your convention come from >> you know, jim, it's pretty simple if you think about defense, there will be solid if not modest growth. we see what the budgets are and threat environment is and we know we got this backlog of
6:16 pm
about $150 billion traffic is coming back yet 1.8 million people tossed tsa, that's 70% of the way back. we know people are going to start traveling again and we're highly confident that by the end of if not next year, the end of '23, people will be back in the air traveling again and it should be business as use ual a after that we'll see the normal 5% growth we've seen for the last 60 years. highly confident because of the markets and backlog and technology we can bring to bear here. >> you were talking about substantial increases. is this spewing more cash than we thought when you put it together >> we always knew we could be a
6:17 pm
cash generating machine once we get the integration of the two businesses and once we got down to work in terms of taking out structural cost. we said today we expect to see by 2025 $10 billion plus of cash and we told investors we'd return 20 billion plus of capital to them in the first four years after the merger. both of those are upward from what we originally thought but demonstrates the confidence we have in the businesses and our ability to deliver. >> well, i read a piece of research from a firm that said you're one of the biggest industri industrials. from what you said, you thought if everyone were laser focused which is a cliche on wall street, everybody would do better that's almost exactly what happened, isn't it >> it's amazing to see the value
6:18 pm
that we created by simply spinning out two very wonderful public companies in otis and carrier. if you look today from where we were a year ago both of those stocks are up significantly as is raytheon technology again, focus on value because management is not districted and i think again, what dave is doi, they are focused on their business and their business only they don't have to worry what is going on elsewhere where they don't have a lot of input. >> at the same time had you not merged with raytheon, the core united technologies air space might have been far more hostage and might havebeen like other companies that you seen in commercial that are frankly serial under performers. >> it waswas great they came together last april. we had very tough actions we had
6:19 pm
to take last year. we cut about 2 billion plus in cost we did about 4 billion in cash conserva conservations and with that the businesses break even at best last year. so having the ability and the left of the combined balance sheets gave us the opportunity to continue to invest through the pandemic so as we're coming out the other side now, we don't have to rebuild. we have the team in place. we have the technology in place, and we're going to be hitting on all cylinders as the markets come back. >> let's go over the strategic invest tments with the pipeline over $10 billion and secure and connected ecosystem and atonomy and these are all i think long term concepts that don't have some sort of any cyclicality whatsoever. >> look, the things that we make, the solutions we offer, the technologies that we have,
6:20 pm
they're not something that just comes off the shelf. these are highly engineered precision engineered systems and solutions that we like to say solves some of our customer's most difficult problems and these are 30-year franchises you think about the patriot defense system 30 years old being upgraded now for another 30-year run probably have a 35 to $40 billion revenue run while you've got the long range strike you have the next generation interceptor go on and on but these are phenomenal technologies that we can offer to our customers solution that nobody else can. >> one last thing, did i see your work from home, you'll let 50% work from home great. i mean, you're not that much of a work from home guy [ laughter ] >> well, it's funny. i think my dog enjoys me being home a lot more than my wife does but no, look, i think what this pandemic has shown us is
6:21 pm
you can be productive in varying work environments. i still think you have to be in the office occasionally and build social capital and the team but you don't have to have an hour commute every single day to be productive so we're going to give our people flexibility we've got 32 million square feet of office space across the enterprise today our goal is to get rid of about 25% of that to allow people to come to work when they need to but if you don't need to be at work, if you can work remotely and efficiently, that's just fine, too. so we'll give people flexibility and that's going to help a lot in terms of retention, as well as i think about the goals we have around diversity and trying to keep young women in the work force, this type of flexibility is absolutely essential. >> wow you know what? you're the first person who is just laid it out like that and i think that that's really important because i want people to feel like they don't need to be slaves to the office, just maybe not as productive in that
6:22 pm
car two hours a day not doing anything for you congratulations on a successful investment day and for all the changes you made that panned out better than you anticipated. thank you so much. greg hayes. >> thank you, jim. >> ceo of raytheon technologies and take a look on a day like today with a great analyst it hauled in even though the industrials went down. this is the kind of stock you want stay with cramer >> announcer: coming up, join us off the charts and send fear running for cover. cramer walks through the valley of the vix, next in business, it's never just another day. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it. comcast business powering possibilities.
6:23 pm
it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. protect and retire. ♪ ♪ ♪ cisco. the bridge to possible. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth.
6:24 pm
everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. that building you're trying to buy, you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it.
6:25 pm
roller coaster action which is why tonight we're doing a special is the bout of options as well as being my colleague
6:26 pm
where i blog at real money.com he could be looking at potentially a meaningful sell off at some point in the next two to six weeks why? it's about the same volatility index, the vix for short that's all right bear with me the s&p 500 versus the volatility in a healthy market they tend to move in opposite directions. that makes sense, right? when the s&p goes up, the veh supported to go down that says something is lurking we had the roaring stock market and index working its way lower and a couple hickups, sebastian said it looked good. i like that.
6:27 pm
look what happened since mid april when the vix bottomed. here is a problem. it bottomed at 6.25 and a very different trend. the s&p hit new all time highs it's flat over the last month. smooth that out. okay meanwhile, the volatility index moved up more than five points the same period of time. you see the blue line and flat line flat market, rising volatility that's the current pattern and for sebastian, it's not a good sign a flat market with the rising vix is a volatility swell. there are two kinds of situations where the vix movers higher we have the garden variety volatility spike where the market drops, the vix pops and we recover signal buying opportunity and then a volatility swell according to sebastian, this is when the vix rises for an extended period of time, usually two to six weeks and the market
6:28 pm
has a genuine correction that's not funny spirits check out the action in the s&p 500 in the vix from last august through last november. all right? now that's what we had the last volatility swell starting in mid august, here we go, starting in mid august, the s&p up here began to rally alongside the -- remember, when they go up at the same time, it's in jeopardy. this goes up and this goes up and the s&p fell off a cliff the vix exploded higher off a cliff. after that initial beatdown, we had wild moves until positive vaccine news in early november gave the market a new lease of life okay go up there. but things got really ugly last september and october so let's shoot back to this unfortunately, the action we're seeing now of what happened early in the volatility swell last august, he thinks the less
6:29 pm
extreme version as the pattern remains the same look what happened over the last month and a half when the s&p rallied from mid april to may. the vix moved from 1625 to 1825. very bad sign, right s&p going up, fear gauge rise. we're getting used to it that's not good. we then got a big vix spike, okay when the market rolled over that makes sense. the volatility index remains elevated since then including a big jump to 21 at the end of today's trading session. put it together and sebastian doesn't think we'll presicisely what happened from -- i'm sorry, through late last october to late august to october given the action, he's betting the meltdown that began on may 10th might not be over we're talking about this one and this may not be over when all is said and done, sebastian expects the market
6:30 pm
will test last week's low. we get that. expect that to go down here. that said, he's also betting the carnage will be over in july the bottom line is the charts are interpreted by mark sebastian suggest the next month and a half could be a rough time for the stock market you may think we're out of the woods but the fear gate says otherwise. something you keep an eye on but i expect the days going into memorial day to be seasonably strong david in arizona, david? >> caller: hi, jim, thank you for taking my call. >> quite welcome. >> caller: the stock i want your perspective on is ticker symbol u. unity reported last week on the earning and guided revenue growth higher for the year however, it appears that there is a sector rotation out of tech and growth stocks. unity has fallen from $175 a share and been trading in the high 70s should i add uppity to my
6:31 pm
portfolio? >> that's a woodstock. cathie wood has been buying it her erkft is strong this crazy market might allow that company to do well because cathie is buying it. that seems strange the market is buying it as you quite correctly said doesn't like these stocks. that said, it has the wood blessing for a couple days probably goes higher buckle up, tonight's chart shows we could be in for a little trouble. the market could test new lows but that, the carnage will likely be over by july now much more "mad money" ahead. could diamonds be an investor's best friend? i'm sitting down with the ceo of significant that to find out and is it worth considering plug power? i'm talking to the ceo and all your calls, rapid fire in tonight's edition of the lightning round so stay with cramer
6:32 pm
what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new , but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes, with a slide. a perfect location for the world's first one-hour delivery. an inspiration for the next workout cult. and enough space for a pecan-based nutrition bar empire. it could happen.
6:33 pm
this is where dreams become brick and mortar. find yours, on loopnet.
6:34 pm
6:35 pm
even in a market with retailers, companies stand out like cigna, kay's, zales it had an incredible run to $62 and change when it held the investor day, they preannounced spectacular range and management raised the forecast this is a company firing on all cylinders as the stock pulled back 4% today for no apparent reason tonight, we learned the next step, they are expanding the
6:36 pm
programs, financial solutions and to go with buy now pay later champion affirm that was on last week let's check in with the bankable ceo of cigna jewelers. welcome back to "mad money." >> great to be here, jim, thank y you. >> inspiring brilliance, i'm more impressed of all the things with your omni channel digital program which for jewelry i didn't think could exist and i want you to tell our viewers how you came up with this because boy, was it a savior and it's really, really kicking butt even though the pandemic is winding down. >> well, it has gone really well for us, jim. before we started the path to brilliance transformation, we had only about 5% of our sales in e commerce. we were behind the jewelry category average at about 15% and we said we would triple and get at least to the category
6:37 pm
average through our transformation we actually did better than that we got over 20% with all stores opened in the back half of last year so quadrupling and really big credit to our team we cracked the code on what it takes to help customers feel comfortable buying jewelry online, which is consultation, getting expert advice. we now have over 700 virtual sellers who are dedicated to doing that online chat, great technology supporting it and we also have visualization virtual try on, you know, pictures of our jewelry on people. so customers can tell what they're getting and i think it's made a big difference. >> the other thing, you know, a lot of times i'll deal with retailers and they will say come up with a company division where you let people wear the stuff and then they can bring it back, like rent it the companies turn out to be worth billions of dollars. i love this. we haven't talked tonight since
6:38 pm
this rock box. this sounds like a great idea. >> thanks. i really believe that we can be a leader in this irk sic circul economy. a lot of genz customers are very interested in recycling and sustainability and signet has long been a leader in responsible sourcing but the acquisition of rocks box gives us a way to reinforce the message. >> that reminds me, you're talking about india. are you guys okay there and what are you doing to help the people that work with you in india? >> we're very concerned about our partner there is and the safety and health of all the of the people that work in those companies just as we've been very concerned from the beginning. our number one priority for all of our signet employees is health and safety. we've been partnering with venn
6:39 pm
t -- venders, getting orders in earlier and things that allow them to be more flexible how they are planning their production cycle that allows them to make sure that they're keeping their people safe with social distancing and things like that. >> all right good now i want to go back to the data analytics that people need to -- so that people know that you are not just selling jewelry. you're matching what people might want data driven, data analytics, amazon web services, using digital advertising, cutting the budget of tv in half these are happening realtime right now, what are they doing for you? >> it's really made us a much more modern company. when i think back three years and how different we are today, i'd say there are three key differences. one is our culture we really have embraced the idea of an agile and oefficient culture evolving and continuing to improve in realtime and
6:40 pm
unified by our purpose to inspire love and what greater purpose can there be than that and we're much more data driven in every part of our business. one example is inventory we've improved our working capital significantly and in fact, we ended last fiscal year with 1.2 billion in cash, which is given us flexibility to invest which has been just really fantastic and the third is what you said, jim, it's our digital capability touching our business from how we communicate with our customers and provide them the right content to help them in decisions making at the right time so our marketing mix for sure but it really also has been creating a great experience for them seamlessly beteween stores and online. >> when we first met i was concerned and you said you'd allay my fears about signet was a bank and not so much of a jeweller you announced an agreement and working with a firm a lot of
6:41 pm
people like buy now pay later. how do you feel where the company is making it so people can get jewelry at an inexpensive price and you're a jeweller and they are people shopping for jewelry. >> well, we've evolved substantially and always with a customer first mind set, we offer a variety of tools to help customers finance jewelry, pay for jewelry, however they want to, whatever is right for them we do have a firm that's a very modern option, very popular among mill ma l -- we announcee partnership with ads and genesis for the private label credit card what this does is really make all financing available across different banners so it no longer different between zales and kay and makes everything
6:42 pm
available online and really good for investors, too, jim, because ex enl ex enltending the partnership. >> we're focussing on what you're doing to please customers. it's working for you and shareholders congratulations on everything you said you would do and then did and then some. ceo of signet jewelers good work. good to have you. >> thank you so much. >> unsung and inexpensive. that's jenna and that's signet jewelers "mad money" is back after the br break. >> announcer: just chill out. >> the chill man is in the house. he's happy. >> announcer: the lightening round is coming up when "mad money" returns (vo) ideas exist inside you,
6:43 pm
electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible. ideas start the future, just like that. t-mobile is the leader in 5g. we also believe in putting people first by treating them right. so we're upping the benefits without upping the price. introducing magenta max. now with unlimited premium data that can't slow down based on how much smartphone data you use. plus get netflix on us, and taxes and fees included!
6:44 pm
you won't find this with the other guys. in fact, you'll pay more and get less. right now, pay zero costs to switch! and bring your phone -- we'll pay it off! only at t-mobile.
6:45 pm
so you're finally supporting his rock star dream... because you know you have a plan to pay it off. buy now, pay later, with plan it. one of the many things you can expect when you're with amex. when sending a text at 3 am... ...is something you won't regret. craving pizza personal assistance, 24/7. one of the many things you could expect when you're with amex.
6:46 pm
it is time, it is time for the lightening round buy, buy, buy, sell, sell, sell and then the lightening round is over are you ready, ski daddy time for the likening round. let start with rob in washington, rob? >> caller: yeah, boo-yah, jim. >> boo-yah, rob. >> caller: hey, i'd like to go ahead and get your input on a company that i've been watching took a short stake in them and i'd like to see about harvard bio science. >> they had a good quarter and better than expected and it's not a very -- it's a very low capitalization stock, 292 billion. it's a descent speck let put it that way. craig in kansas, craig >> caller: thank you for taking
6:47 pm
high my call, jim i'm interested in oke and i'm interested if you would think it's more volatile -- >> i happen to like one oak. it yields 7% very conserzefservative company. the whole complex of pipelines is moving up because they don't think anyone will be allowed to build new pipelines with the new president. you have a good one if not a great one. ethan in california? >> caller: how are you >> good, how about you >> caller: i'm fantastic i'm so excited to be on here i'm a first time caller. >> excellent. >> caller: i've been buying ammo incorporated the stock piques my interest because they recently merged with gun broker.com. any thoughts >> you know, i got to study this one because the ones i've been looking at that are bullet oriented have been pretty good stocks i like to hunt so i'm looking at this stuff let me come back on that one, though, because that one i'm not
6:48 pm
familiar with and don't want to opine. who knows. got to stay close to them. samir in california. >> caller: hi, jim. >> hi. >> caller: thank you so much for your show. i've been watching it since 2006. >> you're terrific, thank you. thank you. >> caller: my question to you about is ticker symbol -- >> they change for bitcoin and micro strategy is similar. if you sell -- i wish there was more to it than that i have to tell you because they were currencies i bought and sold almost all of them except for my cost basis. if you had my -- i bought them as a currency. i can't own stocks you would see i've decided to take the money and run by a super duty for my wife and a farm not so bad kay the inty in new york, katy. >> caller: hi, jim. >> hi, katy.
6:49 pm
>> caller: i'd like to thank you for your help all these years. >> terrific. thank you. >> caller: i'd like to please know a little bit about viacom. >> they feel like something has to happen. this is time honored all these media people like to chatter so much it revolts me. i got to tell you, here is what will happen, go to struggle and they got -- you need another darn stupid fund manager who is considered to be brilliant by rich people because he's rich and can fool a lot of people to take the stock up to 90 and get clobbered and i don't know how many others are left for the next couple days let's go to keith in texas, keith? >> caller: boo-yah >> wow >> caller: jimmy chill, thanks so much for taking my call that's my homeless 5-year-old dillon. >> i like that kid horse sense. >> caller: with biden in the white house, i'm wondering what you think about montrose environmental group.
6:50 pm
>> the landfill -- the landfill business has to be a great business again and i tell you, this is a little speculative name i like the waste business. i think you're going to do okay and i like the 5-year-old. the kid stays in the picture, let's go to mike in new york, mike >> caller: boo-yah, jimmy chill. >> chill man here, what's up >> caller: i got a stock for you. it's a gaming accessories company trades ten time earnings and engages with customers better than most stock ticker turtle beach company. >> i got to tell you, i am so convinced that logitech will do so much better i'm not walking away from logi and that of course, is darrell that comes and does a great job and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td am
6:51 pm
amerameric americary -- america tritrade. plug power joins cramer next amec tritrade plug power joins cramer next i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ dave doesn't need a posh virtual receptionist, visit tdameritrade.com/learn 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.
6:52 pm
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.
6:53 pm
6:54 pm
the hydrogen fuel stocks, take plug power that makes fuel cells for forklifts among other ways including stationary power. we turned positive on the stock for the first time in years. plug power finished the year for surging to 75 of the speculative mania in late january. since then plug power plunged back to earth falling to $27 as of today sole ome of that is bes wall streetturned to speculative nailsmes and plug pr had accounting issues. you know my rule acco accounting irregularities equal sale i didn't figure this would be a problem but told you to wait until the coast was clear before circling back. finally on friday, company restated results and followed the annual report with minimal changes and the stock rebounded 23% including a monster 8% run today. is it time to circle back or did
6:55 pm
they have the big move as a relief rally let's dig deeper with the president and ceo of plug power to find out more what is going on here. welcome back to "mad money." >> thank you for having me, jim. >> andy, you know my rules and i've communicated privately and publicly accounting irregularities equal sales. why is this something we should not be worried about going forward? >> first, like you, i've taken this accounting irregularity seriously. that being said,the future of this come pan company iblunt. the company will achieve $475 million in revenue this year but we're doing that with people like amazon, walmart, j.p. with reno that will get closed by the end of the second quarter. activities with s.k., the second largest in south korea which invested $1.6 billion in plug power. the future is quite bright, jim,
6:56 pm
and that's what i think separates plug power i take what happened serious but i understand that the company continues to move forward and nothing is to change over the expectations we've had for the company today and tomorrow. >> but there was an audit issue. the auditor did not approve of what kpmg previously approved so how did you get that aligned with kpmg and the scc so there was no cash out. not like your cash diminished and able to file in what i think is a pretty short period of time having known what these things are like. >> well, jim, when we work with the auditors, we made sure we worked closely to make sure all the issues were identified our accounting team worked with them we're strengthening our accounting team so they can never happen again and we kept close touch with the scc to make
6:57 pm
sure they were aware what we were working with. >> all right now, just i got to point this one out. march 28th "wall street journal" talks about how you had three years of sales with amazon and essentially gave away your product and had the equivalent of negative sales,less than zero correct analysis of who occho w occurred >> you to look ironically if the stock price stayed down we wouldn't have the huge writeoffs. it's been our success and it was a cash issue and on a gross billings issue billings for 2020 over 35 million and by clearing the amazon warrants out, the savings become much easier to bring in the future including 2021 the first quarter. >> very good now, you were supposed to be in south korea today. is there anything wrong with
6:58 pm
south korea? >> jim, my covid test was not accepted at the airport so i had a delay so i've been working the phones with south korea over the last few days. >> okay. federal loan guarantee big for you? >> federal loan guarantee will be very helpful in building out our green hydrogen planes who have operating by the end of 2022 and identified three locations and the federal loan guarantee will help us grow more rapidly and build more planes. >> there were no deal possibilities that you could have up to 20% of this market for smaller vehicles in europe >> i think the number you have is low, jim. reno is saying 30%. >> all right that is very aggressive let hope you get that replace diesel generators stand alone pros prospects? >> 400 mega watts by 2025.
6:59 pm
a lot is going of in the state with data center. >> size of this nayiniagra fall plan >> 25 ton as day equivalent to 90,000 gallons of gasoline it will be the largest green hydrogen plant in the world. >> ten new customers rather soon >> ten new customers rather soon i expect you'll be hearing more announcements during the year. >> with department of energy and biden's help, possibility of subss sus subsides that would make you cheaper than gasoline? >> equivalent to two gallons of gasoline for green hiydrogen. >> look, glad you came on. you got that solved and gave all the good things happening because you know how much i
7:00 pm
believe in green hydrogen and you're the king of green hydrogen plug power president and ceo thank you for coming on "mad money." >> thanks, jim. >> good to see you i like to say there is always a bull market somewhere and i patr promise to find it for should police officers face charges in the killing of andrew brown jr.? tonight the decision is in i'm shepard smith. this is the news on cnbc andrew brown jr. the prosecutor claims the cops what shot and killed him were justified. >> this decision was based on the facts, the evidence and the law. >> no charges of the some of the video withheld tonight the reaction and what comes next tiktok princess. the 6-year-old known for her dances o

162 Views

info Stream Only

Uploaded by TV Archive on