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tv   Mad Money  CNBC  May 24, 2021 6:00pm-7:00pm EDT

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so viacom. >> awesome nadine >> today i'm looking for protection so some put options if you own some long tech shares on the xlk or the qs or treasuries to in case there is inflatio . my mission is simple, to make you money, i'm here to level the playing field for all investors. there is always a bull market somewhere and i patroromise to p you find "mad money" startsnow. hey, i'm cramer. with welcome to "mad money." welcome to cramerica my job is not just to train you, educate and teach. call me or tweet me @jimcramer where the heck did the seller g
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go hap what happened this them. >> the dow gaining 186 and the nasdaq pole vaulted. this is a market of stocks after all and markets are all about supply and demand to get an explosive move higher, you need buyers to pay up we recognize but we need potential sellers to vanish and that we don't recognize. i got theories tonight about what drove today's move and revolve around the disappearance of the sellers which is far more important than the strength buyers for a moment. there is an absence. i can't emphasize how much this matters. a lot of investors simply don't understand the process or pressures ipos can apply to the board of market. the process of bringing a stock public involves finding people that want to buy shares on the deal but willing to buy more at the opening or during the day the company comes public
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every ipo involves a substantial commeitment from the account of anyone that wants to be an owner. even if you're a big account, you usually can't get as many shares in a hot deal unless you put in for a huge amount of stock and say hey, i'd love to buy more in the aftermarket. at that time all you have to say. once it starts trading, you have to start buying. every ipo represents supply that comes in and soaks up capital they can't use to buy anything else we had 484 ipos this year. that's ridiculous. it's 680% more than the same period last year when we only had 62 deals it's a gigantic amount of new supply or merchandise or equity. a lot want to do deals but to come up with the money, they need to sell their existing holdings
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they're not getting much money at all so they had no choice but to sell, sell, sell what they already owned and that put tremendous pressure on the stock market itself so we're headed into the summer when the pace of new ipos slow down i hate to sell in may and go away the ipo pressure is horrible in may and lets up near the end so if you sell, you're going to miss what is going on right now. this is a huge part of what you're seeing today, maybe for the rest of the week the deals will be spaced so you can expect more willy nilly. sure, we had oatly last week and square space, another painful direct listing that landed with a thud today the stock rocketed 10% oatly inspired ipo buying and buying in the aftermarket but at $1.4 billion deal. for square space, the smaller listings don't put much pressure on because there is nothing to sell other things and buy stock
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if you got stock on the deal in short, closing the ipo speck et -- spicket means selling of existing stocks to get done. wow, that's great news second, at the end of the spac cycle there is a god send for this market. there was a period late last year and early this year when spac investors thought they couldn't lose the proposition. they thought it was free money when the spac stock started going down through the $10 price, individual invelsstors realized the joke was on them. they stopped buying. that was the spac's undoing and not the lack of quality but the lack of buyers and the excess supply take the supply away and you get today. in terms of stock supply, these deals can be unwelcomed gifts that give in the aftermarket, too, like the huge lockup expiration and electric battery developer but those shares get soaked up typically by those who
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need to buy and a lockup exploration and buy the stock. in the end, they are a pot on the market there are very few of them that would have got through the traditional ipo presence one of them tonight would have gotten through they will not be missed and if they try to come back again, they will be shunned please third, investors seemed they had so much money they didn't have to cash out. despite the pandemic highly unusual you would thought hthey had to sale listen to what the ceo of bank of america told us on "mad money" last week. >> for people who have less than $1,000 in the bank account average balance on a monthly basis before the pandemic, their running seven times that amount. for people that had between 1 and $2,000, they are running
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three tilmes. so the stimulus has been applied and delivered to the people that needed it the most that's good. >> how did people miss that? you have an interview, that crystallized so much to me and it just came and went. that's amazing information from a huge bank. if you told me that individuals would have that much money in the bank at the end of the pandemic, more than the we beginning, i would have laughed but thanks to multiple stimulus packages, people didn't have to sell holdings to pay bills this time, we've totally avoided that the sudden down drift in bitcoin seems to be over for the moment and i think that takes some sellers out of marketplace remember, lots of people buy crypto currencies with borrowed money so when these things go down, they put up capital and sell invesinvestments. takes the pressure off everything
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that's the bitcoin to s&p link i've been talking about. most stocks can go higher if bitcoin goes higher. fifth, earnings season is over except for a few, once earning season ends, buy back enters many are purchasing stocks high but back then they were worried about bankruptcy and a collapsing economy flushed with cash they want to share with investors. we didn't start to see the massive buybacks until the pandemic subsided. the bigger the buybacks will be. sixth, remember when everybody was terrified by higher taxes on capital gains? i told you biten wden wouldn't the votes for a tax hike people stopped dumping stocks in anticipation of a tougher tax regime if you sell stocks, what will you put the money in on a day like today you can see the flood of new money coming in, this is very unusual even just a month ago why? this is index fund money, it's
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not being over -- it's -- it can far more very an impact when you don't have ipos. okay it's enough to be able to sob up even more stock. remember, interest rates are so low, i'd rather earn a dividend stock, wouldn't you? it certainly helps we no longer have hedge fund managers on air telling us it's time to head to the hills nor do we have a cdc head warning again about i impending doom and one of the most ill speeches i've heard and reassuring to see fang plus microsoft are roaring again because these stocks didn't get cheap versus a cohort of tech names that have fizzling i know the next question is how long can it last i hate that question it's a trading question. when the market gets hot like this, which is rare. you don't think about waiting it out, you have to be in bottom line, if i say it can end
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at any money, i would be worse than the bears that spout jeremiah how we are doomed because of inflation i'll say stocks can keep running until something systemic happens. robert in new jersey, robert >> caller: hey, jim, how are you? good evening. >> good. how are you? call>> caller: great i acquired sky works two months ago and reached a high two weeks ago at 204 and the stock pulled back i've been following the stock for a long time and listening to you in the interviews with liam griffin. what do you think? >> i like it very much griffin has done a great job the cohort is starting to reverse again and with it should be sky works later because it's mostly cell phone but made a good acquisition. there are a few reasons stocks
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rallied. we always talk about the buyers. it's the tellers right now that are driving things because they're driving away "mad money" tonight, i'm talking with the ceo of a $2 million acquisition and then is it game on for roblox investors? i'm taking a closer look at the ability to head higher is it going nuts for us or is the story gone stale i'm talking to the ceo so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1 1-800-74cn3-bc miss something head to "mad money" at ckrrks nrkscn b -- madmoney@cnbc.com.
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as the great reopening goes into full swing, i think the boom and bust cyclicals have upside if you get them at a discount once you consider the case of mlm, the laeading supplier of concrete, asphalt, maybe not has much as bitcoin but more profitable still down $17 from the recent highs when martin marietta reported, stocks soared but since then you're getting a fantastic quarter for free this morning martin marietta said they buying the business for 2.3 billion. this is one of the largest deals that suggests management is feeling confident about the industry let's look with the chairman and ceo of martin marietta materials. welcome back to "mad money."
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>> great to be back with you thank you for having me. >> this is obviously big news because you're moving into what we can only describe as one more mega region, perhaps one of the fastest growing in the company tell us about, give us a description of the deal and what it means for the company. >> it gives us a brand-new platform in the westernunited states we've long talked about the importance of mega regions in the united states where we see 70% of the growth between population between now and 2050 and it gives us a platform position in california importantly, these markets are tremendous markets if we look at the los angeles market by itself, it's around 80 million times per year the san francisco bay area, 30 million. phoenix, which we're also moving into, another 30 million and san diego at 14. when we compare these to other major markets in which we
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participate in that are into high teens, it gives you a sense of how powerful these markets are and we're sensitive to the fact in many parts of state in california, their depletion plays of reserves in these facility haves a nice 30-year life to them so we like how we're going to be position in a very dynamic state for a long time. >> there is two things, one good and one bad about california from my point of view when you look at your company people think california is insolvent but very hard to build because of environmental regulations. will that impede what you want to do there? >> we don't believe it will. if we look at the infa vuk tour p -- infrastructure plans, they need to move them in a way that's environ environmentally sensitive. there are a lot of people that live in california
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if we look at housing and overall population, single family housing will be important as we look at overall agriate, we see two to three times f ff for f ffo for intensity and it will be powerful it is harder to do business and makes it an attractive place to do business if you have a long term position. >> do you think this will be something where you can build these big ones california needs as many warehouses as possible. >> the warehouses large data warehouses we talked before about having businesses along major and going east and west.
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the rockies which is another large mega one in texas. that's what i think it is in california and looking at these large data warehouses and others, we talked about before they tend to be seven to nine times more agriate intensive than big box stores because they are a concrete envelope. there are major corridors in california will be very attractive. >> so i have to believe if there is an infrastructure, i think california does represent one-fifth of the country, california would get its fair share or if you're a democrat you could argue more given who is in charge would this play a role in your thinking if you get the infrastructure back? >> it certainly will help. there is very little doubt we're likely to see an infrastructure goal and what is important, we think this is going to be the most significant increase we've
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seen in infrastructure from the federal level in 15 years. to your point, california all by itself is the world's fifth largest economy. we think we'll see a new bill federally that we think california is likely with its fair share we think today, probably yes. >> all right now, they were making what, 150 million? i believe that gordon with the sore program will be able to get more out of that facility. is it possible that they just under earned or maybe it could be a focus for you. >> we have so much respect for the people we know the teams well we think they will fit wonderfully. we believe we do bring a unique agrigate and perhaps better than
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most in the country and i think we can bring some operating business as well as commercial business with very good people. >> so how is the rest? you talked really positively and very eye opening the colorado corridor, texas to colorado and i was shocked that has not been my focus is that still strong, that area? >> particularly strong i-35 corridor in texas has really been an extraordinary busy place what i like to come back and look at in texas, we had a deep freeze that hit texas in february and shut the business down and the state down in many respects for almost two weeks and it almost didn't matter because january was strong and march which gave people nice momentum going into the balance. we saw a little more winter in colorado this past year but
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that's not all about unusual it the rocky mountains after all. if we look at overall private and public activity up and down the i-25 corridor in colorado or i-35 corridor in texas, it looks awfully attractive the other thing we see in texas for example is cement is basically sold out at this point in texas and when you're seeing those types of shortages, believe me, it builds a pretty good economy underneath what we're trying to do right now. >> congratulations tothis deal the stock is up three. ridiculous it will be up much, much more. you've done a remarkable job here thank you for coming on the show. >> thank you, jim. >> guys, i know rocks aren't exciting i don't want excitement. i want money mlm will make you money. "mad money" is back after the break. >> announcer: coming up, can the building blocks of a winning portfolio be found in the
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and bring your phone -- we'll pay it off! only at t-mobile. >> > in a market with turbo charged growth stocks a few stocks have been able to defy the gravitational pull of the action take the online gaming platform where tens of millions of users s , especially kids can share them with everybody else. now 2.5 months ago, roblox came public via a direct listing with a traditional ipo where they dumped a bunch of existing shares on the market the stock opened and dropped but
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then it struggled to find traction spending weeks bouncing between the mid 60s and the 70s. we call that flopping and chopping we started recommending it 12 days later when the stock was at 70 it wasn't until a couple weeks ago the stock really started roaring. that's when roblox reported the first quarter out of the gate as a publicly traded company and the numbers were incredible the stock jumped 21% to 77 and you know it hasn't looked back sense? the next day we spoke to ceo david bazuki and he told an incredibly compelling story. i was blown away, which is why we doubled down on this one and i chose it as my stock in the cnbc draft stock contest it tacked on another 8% today alone. jumping to just under 90 it is starting to feel like this has incredible momentum in a market that generally stains moe m -- momentum stocks.
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in days like this, roblox really roars. this story has been out of fashion, oh, man, out of fashion. will you look at that? honestly, i think roblox is that good, frankly? it's part gaming, part software develop ment and network they have tens of thousands of digital exposures you can access for free and you can get a subscription with special feast t -- features coming to the direct listing, there is a sense maybe roblox was another covid winner and that's all, a company that did great in 2020 because people were stuck inside with nothing better to do but after the company shot the lights out with that, they put that to rest. it's an important business model that relies on user generated content to bring in more customers. they have a community of 8 million developers from
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armatures to professional students creating content for their platform and robux to facilitate transactions. think facebook, youtube because it's so much cheaper than producing your content when we spoke to the ceo, he made it clear there is an entire virtual economy where they can turn the hobbies into real businesses on of to have that, roblox created a safe place for kids on the internet i can't stress this enough if you don't have children, you're probably under estimating how popular this platform has become a major reason it's so popular is that the rare internet property that parents feel safe letting their children use unsupervised and that's the keyword. unsupervised the rest of the web can be an incredibly messed up place i would normally be afraid this does not inspire any fear roblox didn't become child
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friendly by chance the company spent a fortune building the safety apparatus that includes thousands of live support agents that can respond to issues within a matter of minutes. every other major platform tends to rely on algorithm to enforce terms of service but computers aren't great at policing as people know following my twitter feed today where i'm praying for something like this. roblox is growing rapidly for teenagers and adults, too. the digital babysitter aspect gives them a huge boost. l let's talk about numbers that's more important. when roblox reported two weeks ago, the average daily active users capeme in at 42.1 million. this is up 70% and 9.7 billion hours and 90% year over year and fueled by massive growth overseas and over 13 demographic.
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roblox is jumping. these are eye-popping numbers. they are generating a ton of cash the net cash from operating increased four fold to 164.5 million. meanwhile, free cash flow was up 300% year over year. this is probably the most important figure of all these, many any even though the company said they won't give formal guidance, they plan to report key met tri -- m met tricks laid out in the conference call. they have now lapped the pandemic, right? it really not showing that it's not slowing at all. for me, this was the must bullish part of the quarter and the daily active users came in at 44.3 million up 37% year over year en bookings rose 60% and about 8%
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versus just march. maybe most important, roblox average bookings per daily active user, what they are squeezing is more than $5.50 up roughly 60%, up 5 or 6% and parents love this. think how little it is it does add up these numbers were all much higher than anything the analysts expected. if you thought roblox would take a huge hit, the april numbers suggest the business is doing fine one more point roblox just launched in china and already six to 12 months ahead of schedule. that means chinese numbers could be included in the current quarter. all that said, this are lots of tech companies and wall street couldn't careless because the highly valued tech names, roblox is not profitable but throws off a ton of cash and the company is
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not profitable, some analysts created their own adjust the earnings and according to the me metrics, companies making a lot of money terrific cash flow numbers paint an encouraging picture of the business to the extent they are not profitable, they are investing more in growing and growing the business, which is what they should be doing. so even though roblox is operating out of favor industry even though they came public via direct listing, this is roaring. it has a lot more room to run. the bottom line, roblox has user generated conat the present time a -- content and wall street is confident. ideally sure you like a pull back but you have got my blessing to put a small position on now if you don't own roblox already. romeo in florida >> caller: boo-yah, jim.
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>> boo-yah romeo. >> caller: i got facebook at 19. it going to a two-week high. i plan to sell it now and buy back when it goes 290 to 300. >> playing too cute, romeo, it doing well and got user generated content. hold it and don't play like that i think in and out stuff doesn't work for me. all right. wall street is now a believer in roblox and they should be. normally i like to reck bend e - recommend for a pull back. much more "mad money" ahead. the stock took a tumble but i'll find out if it has the right crunch for the market and not much to do about nothing i'm giving you my take in your calls, rapid fire in tonight's edition of the lieghtening round so stay with cramer.
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we've seen an astonishing deluge of spac deals there was excellent conceptions. take us brands, potato chips,
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pretzels, zapz tortillas chips. i like us because it's a more traditional spac story they put a pile of money together and using it to consolidate the industry since they started recommending that from 13 to 23 not bad. however, the story suddenly got more complicated when us reported a week and a half ago the company legitimately missed expectations, which is why the stock tumbled more than 8% on the news plus as the world goes back to normal, you have to wonder what that means for packaged food companies that benefitted from the stay at hme economy. what do we do? homework we're checking in with the ceo of the quart er and prospects welcome back to "mad money." >> hey, jim, how are you thanks for having me. >> thanks for coming back. obviously, you guys were very object to the conference call. you said you did not do as strongly as you'd like versus the industry are there things that happened
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since the quarter ended that would tell me that's going to change >> yeah, i mean, i thought we had a great quarter. we had top line sales. the bottom line adjusted and we continue to do our story of an acquisition announced that's forthcoming to support the on the boarder brand and sales were very strong. they continue to be strong on a two-year basis really continue to add buyers. we had a repeat rate and very bullish on the brands and the success and we have a lot of exciting partnerships and things i really look forward to 2021 being fantastic. i think it will be a great year. >> look, i'm just quoting you, sir. i mean, you say over the last two years, our total portfolio growth trends are below the cat category those things that benefit are above. >> we break out sales into
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emerging expansion core markets and those are a lot of the areas that are the east coast. and the brands take time and all of our sales ideally and core market we're under the category so not 100% where we'd like to be we're certain about the growth and opportunity and migrate more and more away from those foundation brands into our power brands and like on the boarder we keep growing and continue to expand. >> what was the organic growth forecast for your company? >> year over year, over 2020 it's about 20% organic growth because we had a fantastic year. you recognize some of the quarters where some of the 12-week periods are 45%.
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the category grew 8, 10% as we set up the forecast for 2021 it wwas mo340d moderate to 0%. >> i wanted to go back to 28 people own stock good know we believe the focus on share loss in core market is perhaps that way and i wasn't focused until it was mentioned. >> we do have an mna strategy and we are buying brands and when we buy those brands, a lot of times we're buying them for the value of the distribution or the manufacturing so we announced for example in february of 2021 that gained us access to the chicago market so we're playing a long term gain to gain long term share for
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those power brands sometimes we're using what we would call a foundation brand to accelerate that to get there fast. >> are you confident you're, say, 2019, year over 2019 you're going to start seeing growth that will not be impaired by weather because you had some weather issues and also, you're 80% hedged you don't have to worry about the 20% you're not hedged. >> yeah, sure, weather is always something that, you know, i think many of us were affected by what we call least internally the texas phrase and activity in the southeast in terms of inflation and the effect on it, there is a lot of pricing power and price architecture that we're very familiar with we've been doing this for a very long time able to utilize a lot of venues to get price to combat that inflation, which is a real inflation.
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>> right. >> coming at us but we have a lot of tools to be able to map those out and lap those year over year and continue to gain share and sales. >> how about these new 10,000 new outlet dollar stores, which is dollar general down today but a terrific place to sell it to. >> i think, you know, really, if you think about the future of grocery, where do you think it will be? food sales, where is it going to be mass is fantastic driven by walmart. grocery got a strong rise but as you look into the future, yeah, the dollar generals, the family dollars, the dollar trees, there is a lot of those replacing the business in some geography especially more rural geographies. so utilizing our on the boarder brands, we were able to strike a deal and take those into tens of thousands of new stores and we're really starting to see nice growth in the brand especially in the core
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it's well over 12, 13% right now that brand is growing in the core. >> that will be fabulous how about adding a category of excitement variety mix, which is really fitting for opening of america, where you get a lot of people over and start doing things that's what i thought about this. >> yeah, what a great partnership. i mean, for ours is a great company to work with we're very fast. most of us are motivated they came to us and said the number one thing consupmers wer asking for is a combination of sweet and salty and that's a testament to utz and the utz company. we were fast to work with them and partner with them. i put 75 to 100 million 1-ounce bags of stack across the united states a great way to showcase the brand and get it out there and pick up more customers and honestly, when we get customers,
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they stay with us. our repeat rates are great so we're getting those new customers, they are staying with us and look forward to that being an awesome partnership. >> you've answered all the things i needed to know. it's been such a huge win. there is people that want to take profits looking for an excuse looks like a great business. the ceo of utz brands. thank you for coming on the show. >> thank you for having me. >> guys, good company. stock down a lot if you like snacks, i would be with them more than any other snack company. "mad money" is back after the break. >> announcer: coming up next. >> let's make money together, what do we got >> announcer: cramer is bringing the thunder and answering your questions in today's edition of the lightning round.
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before we begin tonight's lightening round, we have interesting news to share. over the weekend, the "mad money" veteran welcomed a healthy baby boy big brother johnny is doing a good job and on that high note, 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. bob in new jersey, bob >> caller: first time, long time i've been in the steel business my entire career and am only
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interested in metal stock when prices are rising. can you give me your opinion on vale >> i'll recommend it this is a multi year move. i don't trust that whole country to get it right. cleveland cliffs is better let go to randy in texas, randy? >> caller: hi, jim thanks for taking my call. >> of course. >> caller: you recommended it, we've done really well with it, very pleased with it and considering adding more but before doing that, two questions. number one, what is a reasonable price target for the stock how far can it go and number two, is our passing or failure to pass an infrastructure bill in congress going to impact new core and stocks like new core? >> when new core gets going,
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it's the best performing stock in the s&p so far. when it gets going, that is nothing. it a multi year move the moves are two or three years so reasonable price target, no reasonable timeline and the timeline is several years out. nick in california, nick >> caller: jimmy chill, boo-yah from l.a. >> what's up >> caller: need your help with a position i'm holding at a loss this company was a rocket ship in 2020 but down about 40% in the last three months. meanwhile, they have continually report the growth for the last two quarters, leads the market in the most pop ulace country in the world and talked about expanding into europe. the stock was up with another partnership announcement for production and distribution. considering the great growth potential at these levels, should i add to, hold or trim my position in nio? >> no, no, switch. be in tesla. remember the piece with larry
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williams off the charts that said this is the single best time to buy tesla right here, right now. at that time what you're going to do tomorrow i ian in california, ian? >> caller: yo, jimmy chill, boo-yah. >> what's going on >> caller: long time listener here, first time caller. i got to say i think you're the man. >> thank you. >> caller: i watch you all the time. >> thank you >> caller: so, i bought this spac a few months ago and ever since it's come down considerably despite a rally today and late last week, they have plans to merge late this month or early june so i want to get your take whether i should buy more, hold or celticer ipoe. >> that's so fie i like so fie. i think you're fine with it. buy some that, ladies and gentlemen, is the conclusion of the lightening round. >> announcer: the lightning round is sponsored by t.d. amer ameritrade coming up, is this the most
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perilous vertigo indeucing answer pump the brakes and do homework. cramer has a monday cure to the inflation blues, next. ♪♪ ♪♪ ♪♪
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dave doesn't need a posh virtual receptionist, because he cloned himself. while his clone watches the phones, dave can work on his code. and lead his team. dave trusts his clone like he trusts himself. so, in summary, we're going to sell the company. who's in favor?... perfect. but if cloning isn't an option for you, just get posh. virtual receptionists who can answer and transfer your calls, because you can't be in two places at once.
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here is what this is the 1960s. the economy is not going to be wrecked. i think we're more likely to see a soft landing once the supply chain issues are ironed out and enhanced unemployment benefit expire in september. yet, the worries keep piling on. i know you see the inflation everywhere it's at the pump, super market, house hunting and there is an industry that tries to y to mak feel like the u.s. can't keep borrowing like this. but i think this is all a tale told by an idiot full of sound and furry signifying nothing
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what makes me so confident the american consumer is saving at a record rate and spending at a record rate. that said the savings are more robust the consumer is in better shape and indebted to falling consumers are dangerous but cash is great the high savings rate tells you the baby boomers pulling money out of the market like mad, right, haven't done so to any serious extent very good for stocks second positive, anyone studying the retail earnings recognize the consumers acclimated to the world well there are shortages but i think the buying at the mall and the big box chains is exactly what we want. good, wise spending so people can be ready to go back to work or fix up their ageing homes i regard that as rational behavior workers are making more money.
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is that inflationary sure that's not all a problem it's hard to recruit labor at a small or medium sized business two. years ago when the rate was lower and wages were lower, there are two things that changed. 150,000 restaurants have gone under and we now have enhandced unenplmployment benefits there should be a time soon where employers won't handout so many help wanted signs because unemployment insurance goes away in september the dangerous commodity there is serious inflation in steel, aluminum and lumber. they are being bolstered by tariffs meant to protect american workers you want prices to come down, roll off the tariffs the semi conductor shortage will get resolved we heard they are boosting away
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fabrication for everything in fact, apply materials is signaling the capital equipment industry is boosting production so don't bet on the shortage to continue through the end of the year you saw the stocks say the same thing. i think this is going to be resolved sooner rather than later. sysco when they came on seemed to indicate the same we're worried about the high cost from west coast but f footlocker said the delays are beginning ease and will get better as time goes on what else? grain prices soared but when farmers get an influx of cash, they expand which is what we are heard from doeere on friday they had things to say about freight costs but when you put it together, last week was the first time in ages i thought there was as much good news as bad on the inflation front even as few people seem to notice or chose to notice. there is always someone trying
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to square monger about the risk of inflation they are consistently wrong for decades. we may have real inflation but i don't think the dire predictions will suddenly start coming true. i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow the"the news with shepard smith starts now. find a market somewd "the news with shepard smith" starts now. new call for investigations of how this covid got started. you are watching the news with shepherd smith. >> and now, in the crisis of our age, the world is in a dangerous situation. >> but where did covid begin. the calls of where the virus began in a lab. and the growing fury of belarus after it forced down a passenger jet to

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