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tv   Mad Money  CNBC  June 21, 2021 6:00pm-7:00pm EDT

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value side jpmorgan fits the bill there good for banks >> took him a couple of seconds to respond to you because you called him jeff. xop is responding. it was up today. i think energy stocks look great. >> guy >> fexed, 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 only offense is trying to make you some money my job isn't just to entertain but put into context call me at 1-800-743-cnbc or tweet me @jimcramer. where were the buyers last week, why did they only come out in
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full force today with dow surging. 1.40%. nasdaq up 9% just had a vicious decline culminating in a sickening friday give up almost ridiculous to believe despise the rails last week, just said oh, the west coast port, oh, no, woe is me. well today, all aboard, stocks up big did they solve the port crisis over the weekend home depot got obliterated last week people not spending as much an homes. today is soared. has something changed? nothing, except the stock prices often say that buyers and sellers can be as dumb as bag of hammers. but those who prognosticate for a living have to be more careful
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to find a reason for day-to-day action finding means inventing. often the real reason is not obvious reason last week, textbook. lot of the week it was artificial what do i mean first we get a series of programs that played out on friday and they played havoc with prices. s&p rewaiting exercise trust change, put immense downward pressure on the market. didn't know why or how, only those directly involved could understand the ramifications but get them the same day a fed official talks about it, sooner than expected, bone crushing but also opportunity >> buy buy buy. >> and could be another with russell rebalancing. we don't know the direction of what will happen
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but any big news that could be interpreted negatively, i expect the market to go down. >> sell sell sell. >> and maybe it's opportunity. we better hope some of the big money managers stick around wall street go to the hamptons too early, could be like last friday. is it fair or right? irrelevant, it's way the market works. sometimes it's about the mechanics of the market, not fundamentals, all we can do is stop drawing facile associations from the action. there are days it's a tale told by an idiot full of sound and fury signifying nothing. second cause of last week's selling. bond market doesn't lie but can still mislead you. plummeted and sent us searching for conclusions. delta covid variant can't be
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stopped. not vaccinated will get sick, maybe those who have been, students will bring home with them, get ready for another huge wave to shut everything down we certainly heard that, right that's insane. more than half the country has gotten at least one dose of the vaccine and working to get to 70% by july 4th. what else? heard the shocking rise in price will lead to rate height from the fed and the comments were just playing good cop to the hawkish cop. heard the situation with china is getting more and more out of hand fight to safety in bonds oil spike, always a bad sign and europe about to experience another wave of covid so swapping u.s. treasuries think about this some of the explanations sound convincing, but stay, rally like mad, no one cares. bond yields soar, i'm doing most
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of friday's action, like that move never happened. given that stocks react to bonds, snap back in treasury yields made this rally inevitable times even the bond market can't be trusted it led us astray on friday when there is a tidal wave of selling like last week. >> sell sell sell sell sell sell sell sell sell. >> it's incredibly daunting. one of my best hedge fund sources said it was fantastic opportunity. checked in today, he said things look good. he did no sell today of course now we have to figure out which move is lying and which is telling the truth can't say jury is back and today's move is real one would be too glib. rather than judge, buy great stocks favorite oils, chevron and pioneer or companies with incredible numbers like adobe.
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the gap came on the show last month and told us perfect story yet the stock has done nothing buy stock of home depot down from high, up today but done big from trading six weeks ago still mystified what went wrong with the ups where she's ceo take some market share but run the company in far more disciplined way. fedex reports. instead of taking share, make more per envelope? she reiterated the game plan that made her take the job and somehow got crushed. crazy town finally, i don't know if you caught it. new ceo, mexican tavern. he told a story of new products to let amex take share at
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register for small and medium size businesses. made it clear the great reopening is even stronger than we think and his company is uniquely prepared for it given few other companies share that ready stance, count them on one, how you can't buy american express is stunning. stock rallies one day, three straight down days as if nothing new was said when i interviewed steve. it was all new so focused on the horrible performers, doesn't get the blue plate specials placed in front of you now the market's overcome the negativity should bring out defenders g galore, not for those down but up so much push texas instruments or analog devices.
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honeywell. bottom line. tomorrow traders will go for winners, not losers. looks like we forgot everything that took us down on friday. otherwise wouldn't be up so str strongly today artificial forces that drove us down have disappeared. they're no longer in play. go to carol in new york. >> hey jim, fantastic conference call you just outdid yourselves. >> thank you, long one action alerts where i tell it like it is thanks so much thank you. >> caller: i was remembering when you prepped us for pain in the tech stocks, sit tight can the same be said about the industrials? owned for a while and have general and specific question. >> go ahead. >> caller: industrials jumping today is indicative of change in sentiment or momentary pop
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do you think deere's 2.5% gain is part of that or is the deal adding reason to stay the course >> i think last week was artificial, another one coming up and one thing i would say, thank you for the kind comments about the club there's a june 30th crop report that comes out government releases crop report. if there's bumper crop in corn and corn plummets, deere will go down that's just a reason to buy more deere because it's doing so well multiyear move as we learned from agco. thanks for the kind comments marcus in north carolina >> caller: boo-yah, jim. happy pilot's day to you >> thank you glorious what's going on? >> caller: fantastic my question for you is about micron i know there's a chip shortage but this stock hasn't done anything in like a month
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and they report earnings next week wondering what you think might be micron. >> it's very tough to figure chip shortage is not really micron chips but seen a decline in pricing i like micron but not as much as amd. once it closes going to be a very different company temi in maryland how you doing. >> caller: i'm all in. calling about ge had for time and announced stock split. i don't know if i should hold, sell or what >> hold ge this is larry's company now. doing a lot that's right buy if dropped to 11 but hasn't been there you're in great shape. guys, tomorrow's traders are going to go for winners not losers we seem to have forgotten
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everything that took us down on friday and whole last week on "mad money" tonight, ceo of box joined me four years ago first time now coming public. full circle. don't miss my exclusive. and why the stocks that did well in the pandemic may have uphill battle to climb in this market, including one very big one and what does the shortage mean for automotive software company? i'm talking to the ceo stay with cramer >> announcer: don't miss a second of "mad money," follow @jimcramer on twitter have a question? tweet cramer, hashtag #madtweets send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something? head to madmoney.cnbc.com.
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attack came screeching to a halt because far too many deals to digest and s.e.c. starting cracking down. hundreds still out there looking for start-ups to merge with. we're watching to see if any deals are enticing seven oaks announced bermerging with boxed, selling in bulk over the internet barely budged in response but for you, good thing. decent entry point could boxed be worth owning? intriguing concept and impressive growth rate
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but no expectation possibilities until 2025 at earliest and we know savage competitors in the industry like amazon, costco still worth a closer look. dig deeper with the cofounder and ceo of boxed last with us in 2017 to hear his pitch ahead of the merger, welcome back to "mad money. how are you? >> i'm good, jim, thanks for having me back on off the tape years ago, wearing a hoodie still a private company, now wearing a suit good to be back after all these years. >> i love your concept drive by it on interstate 78 was hoping you would do a public offering to get to know you better how can they get to know it doing it with spac >> that's one of the reasons i'm here on the show, quantum of
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capital to use to drive marketing, and two ability to tell the story of b-to-b business recovering after sas business there are trade-offs with spac but the route was best for us. >> reason we had you on the charts because i was taken by your story personally. share with people, it's inspirational itself. >> yeah. we started off in a grandarage n central jersey, if you believe in it. child of immigrant parents without a silver spoon in my mouth. to be able to live the american dream and be on your show and drive a business to the point of about to be a public company, doing what's right for the front
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lines and folks that look like my family when we first came to america, american dream personified. >> i love costco, you watch the show one of the secrets is kirkland brand. my wife tells me your brand is terrific and getting more and more share tell us. i think what's going to happen, if you really want to know where i think the money is, it's private label. >> that's right. so private brand already has become -- it's about 100 items for sale but on 100 items, 15% to 20% of the monthly sales. folks that value the price and quality of the product, just like your wife, seems like a very smart person, jim, if i say so myself. really helping us drive that private label penetration. called prince and spring. >> she wanted me to ask if they're the two streets in the village, if that's why you did
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it i don't know, i'll ask him >> it was prince and green but had epiphany, there's a p&g that sells items we sell. went with other street, prince and spring but hopefully no one will remember this. prince and spring, they don't really intersect but that's the genesis of the story >> we've got choice items. huge box of pirate's booty people feel it's good. i buy one at king's on the way home, should be doing what you're doing, giant rolls, in this case of bounty, this is how people want to have things, right? want it delivered to their house and giant portions >> this is america what we do is service folks, not only "b" to "c" customers but "b" to "b" customers with big savings across the country
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not just for folks on the coast. started heavily bicoastal, but one of the biggest trends we've seen since been on the show is shift to the suburbs and rural audience we service a lot of rural areas where folks don't live within a 30, 60, 90-minute drive of costco, don't have access to physical warehouse club or wholesale, and don't have access to the courier start-ups out there that bring those to your home because live so far in the countryside. sorry b-to-b customers also. >> thinking costco can kill them but not if they're not next to them and software business can be switzerland right? >> that's right. when we think about boxed, thing that makes us unique, not only e-commerce wholesaler that services b-to-c, but b-to-b
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customers. should be servicing the cnbc green room when you have guests back that's the wholesale business. but technology that powers it makes us unique and we can package that up and beginning this year begun selling via software business to enterprise retailers around the world looking to generate $12 million in software revenue in the first year alone lot of companies could use revamp of e-commerce and omnichannel capabilities. >> i couldn't agree more rare to get a spac where there's a bargain. drew pearson really terrific people you've got. chieh huang, cofounder of boxed. wish you best of luck, you're terrific. >> thanks jim, i'll wear a tie next time.
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>> absolutely. "mad money" will be back after break. >> announcer: coming up this summer, america is reopened for business how can you cash in on the season's hottest trends? stay with cramer and find out, next ♪ ♪ you coming? ♪ ♪ that's what i'm talking about. ♪ ♪ [ grunting ]
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what defines a great reopening stock? all sorts of companies keep trying to build themselves as return to normalcy plays, but in the eyes of the market, only one constant if business did well in the pandemic wall street is convinced's covid play and only covid play no matter what it's doing now. almost by definition, seen as reopening losers in reality that's wrong. plenty of pandemic winners are
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reopening winners. but that's not now the stocks trade. thor industries, not your grandfather's motor homes, technological models appeal to pretty much everyone lineup is sold out rest of the year, demand is that strong. yet thor's stock peaked three months ago at 152 before we knew how people would live in postpandemic world plummeted to 125, a week later, then the stock started long recovery back to high 140s in early may without getting to previous high, always a bad sign then a sickening decline in third quarter with magnificent backlog. have soared, led by steel and
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aluminum, will crimp the margins can pass most on to the customers. but people who won't return to airstreams because hotels are safe again and air travel is back view this as last great quarter, i think they're wrong but they control the stock, not me. same with the boat maker, bronswick. slide down to the low 90s. like thor, essentially sold out of many models had to plan ahead six months to get my new one business has only gotten better. can rent boats for a day sailing was safe way, and new
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consumers love boating covid didn't give them temporary boost but long-term game changer. might never have been in rv or boat, tried it and loved it. customers have had ample time to cancel orders with restrictions lifted but hasn't happened excellent management bob in particular is a straight shooter, self-effacing and straightforward. he came on and told us that. he's downright effusive. doesn't seem to matter in the stocks brunswick lost secular growth but wall street not buying it. feels there's no way business could stay this good multiples on great numbers not just boats and motor homes none of the pandemic winners can catch a break.
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campbell's soup. by their admission, execution issues in the last quarter when i say execution, they pointed them out had to cut the forecast. but company has undeniably taken share in soup and snacks pep pepperidge farms, if you just call it gap here, solid growth would probably be enough to send had higher unfortunately won't get credit until ceo mark kraus can demonstrate that costs are under control and customers who tried them in the pandemic are sticking with them given a seasonally tough quarter, may be too soon to bottom almost always a great quarter. same thing in february,
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annihilated in one month's time. take-two struggled to get groove back business is booming. ea performing a little better but will go out of style unless they prove that more people got hooked on their products most trusting companies are companies that got a boost from terrific new story in the pandemic but now having hard time pivoting back to old story that worked. narrative that needs to be revived. most obvious is walt disney. last year excited by strength of disney plus and stock shored once cleaned up the bounty now should be about reopening of theme parks. parishes came back last week and return of movie theaters with first-run disney movies. no if i were ceo, i would call whichever team wins the nba championship, invite them to
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disney world for a huge celebration and try to hang out with them too, and hold back movies from the streaming service to get people excited about the theaters again too we are the company for entertainment outside the house. but easier for me to recommend six flags, doesn't hold a candle to disney but it's all park, don't have to worry about the slow growth rate of the streaming service. that's why disney's got a broken stock. got to stop it from becoming another espn dragged down for years after peak remind people the rest of the company exists and perfectly poised for reopening even with moderation in the rise of disney plus straightforward reopening play, planes airlines, southwestern, delta and in theory boeing but not
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this quarter previous ceo didn't want to do it, maybe new guy does i think airbnb has mojo. if you did well in the pandemic, tox nick this market even with business booming can create buying opportunities but only if you're patient and willing to take some pain. cameron in pennsylvania. >> caller: jimbo, first time, long time. paper towel for me >> it's going to work. >> caller: carnival cruise, going to hold short-term but more i want to hold it long-term. thoughts on buy more, sell or hold >> i would hold. it i do prefer norwegian cruise because better balance sheet, better job raising the cash and he's done a lot of good stuff with covid mike in california >> caller: hey, smoky central california boo-yah to you, jim.
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>> darn, it's back my god hope rain, everything happens good what's up? >> caller: in 25 minutes of investing, learned more from you than anybody else. >> you're very kind, thank you very sweet. >> caller: a few weeks ago and during the pandemic, ceo of liddell on talking about postpandemic prospects, so i bought the stock but stopped with 50-day moving action but bought back this friday at another day moving average buyout offer of 62.10 per share, one, thanks for the stock, two, should i buy a cashmere sweater? >> go right now on amazon prime probably for a good one. and thank sarah greensteen who
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came on twice, told remarkable story, helped out in my mask competition and did everything right. hope she agrees with the takeover and gets to continue to run the company. congratulations to you for nailing it what a win business booming, doesn't seem to matter. if your company killed it during the pandemic, it is toxic in this market. >> house of pain. >> ai in near 300 million cars global l globally i've got the ceo and looking like collection of warren buffetts. and lightning round. stay with cramer
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if you bought a new car in the past year, there's a good chance you're using software created by the world leader in automotive voice and ai. lets you speak to the car and connect to third party applications ordering from starbucks without taking eyes off the road you don't understand sounds good to me 1 of every 2 cars sold last year ever since cerence was spun off, it's jumped to 111 still down from the high earlier this year.
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let's check in with the ceo of cerence. welcome to "mad money. hi, jim. thanks for having me. >> it's exciting to have you i remember the spin-off. by the way, it goes on to get bought by microsoft,creates a lot of value but you've created a lot with cerence how? did it help to be your own company? >> absolutely. many different businesses and wordicals. we were one of the smaller ones, becoming more like health care company, becoming dominant, and nuance auto, which became cerence 1 1/2 years back needed its own focus and identity that's what we did
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effective october 1st, 2019, created cerence and been focused on innovation. introduced almost a dozen new products and staying extremely focused on creating new ai technology for automotive. >> seems like your company reminds me of company you know all too well, had din esh on all the time now samsung wants to buy cerence. >> fondly remember every time earnings call and your conversations, i was running one of the divisions for dinesh at that time. it was lovely to be working with harmon now we work with all the tier ones, almost all the williams, jim,
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focus for me is simple i believe in creating innovative products and what happens from acquisitions standpoint whatever happens happens. >> what is most used ai. i told my wife, we have xm sirius always looking for phillies. want to just say put the phillies on. what are the biggest users >> i think the biggest use cases are navigation, and music search most important use cases that most users use driving cars. but only the starting point. our goal is to create the best
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full driver experience and assistant that the world has ever seen. we're looking at creating a completely seamless experience for the driver for not just inside the car but also outside the car. as you know, we all have a big digital life outside the car as well in the home, in the office, and so on, so forth. we want to integrate the digital experience in the car with the life outside the car use cases would be things like you are driving towards your home, you can set up your systems, ai system in the car, as you get closer, turn on my porch lights and switch on my air conditioning and all this happens while you are just one or two miles from your home. or you drive off, and systems
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know your car is 50 meters or more away from your home, garage doors close automatically. there are many, many use cases we're working on to seamlessly integrate the digital life of the driver. >> one last question, shortage in autos, what are you thinking? >> we're a software company, right? so we about 2/3 of our revenue is completely software not tied to any semiconductor shortage issues 100% of the revenue is software, 2/3 independent of the cars shipped 1/3 is tied to car shipments, seeing slight shortages. things should ease off as we get into second half this year good news, jim, demand is
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through the roof >> right. >> people want cars, want to by new and used cars. demand is not issue at all in coming year. >> terrific. i think your company is in fabulous position, sanjay. thanks for coming on sanjay dhawan, ceo of cerence. >> thank you. >> they power half the cars, you're probably using them i like the stock "mad money" is back. >> announcer: coming up next - >> what do we got? >> cramer is bringing the thunder and answering your questions in length round. the lexus es. every curve, every innovation, every feeling. a product of mastery. get 0.9% apr financing on the 2021 es 350.
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sponsored by td ameritrade >> it is time. it's happening, lightning round. and then the lightning round is over are you ready? john in alabama. john >> caller: boo-yah from bama, jim. >> nice. >> caller: squawk box and "mad money" got me into investing that's what we want to do. >> caller: i'm calling about ticker symbol fesn skyrocketed lately upcoming fda approval. continue or take profit? >> stock is done $4 stock, take some off. if it doesn't go right, going to $1 take some off, make me happy chris in mississippi chris. >> caller: how you doing, jim?
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i found a stock with pb of 8 and make products every home builder has to have, osb and lately i've felt like it's circling the drain with louisiana pacific, lpx. >> what happens when the multiple shrinks, means earnings will fall apart next year. i disagree i'm with you stock can go lower, chart is hideous but stick with louisiana pacific. let's go to corey in new york. >> caller: hi jim, big fan, watching for a while now >> fantastic >> like your opinion on gevo >> that's kind of company i think people should have room in portfolio for, it's a way to be able to have fuel that is not bad for you. green chemicals are the future okay exxon should buy these guys.
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richard in missouri. >> caller: boo-yah, jim. >> what's going on >> caller: company i'm calling about, customer and subscriber for five years so happy think might be good -- right now. arlo technologies. >> i thought that this was a commodity company for cameras, security cameras i got to do work on that don't want to say point blank i disagree with you. let me do more work. clark in florida >> caller: hey jim, boo-yah. good day in the market today. >> what's going on >> caller: wanted your opinion on the 18 million share nikola >> after what happened, life is too short, pick a different one, not that one john in ohio.
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>> caller: hello, thanks for taking my call long time listener, first time caller >> excellent >> caller: can you hear me >> yeah. >> caller: height of the pandemic last year i took advantage of undervalued stock, wms. done very well and like your thoughts well to buy, sell or hold. >> i think it will be viewed as pandemic play with opening -- to me, it's going to be one of those stocks people say all that work was done in the pandemic, now it's got no mojo i think stock will come down but i agree it's a very good situation. just a nice, medium sized cap story of building drainage, perfect. then again remember i liked the call, class pants here tiffany in new york. >> caller: hi jim. >> hi. >> caller: thank you for taking my call.
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>> of course >> caller: you're my favorite person on television. >> you're very nice. thank you. >> caller: seriously i subscribe to cable because of you. >> very kind don't cut the cord >> caller: i always learn so much and subscribe to real money as well. >> thank you my god, my blog. so nice. how can i help you >> caller: my question is about what do you think about marathon oil? >> i think they're okay. upgrade today. i prefer chevron you know because you read what i write. but you're fine in marathon. not as high quality but $13 stock probably going higher. and thank you, kind words were amazing. ladies and gentlemen that's the conclusion of the lightning round! >> announcer: the lightning round is sponsored by td ameritrade coming up, has the reddit revolution reached its waterloo?
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just when meme investing starting getting mainstream attention, darn thing peaked
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wall street too volatile in tone even for the internet, misogyny off the charts, losing people money. seen recommendations that make the dumbest analysts look like warren buffett, attempt to push wendy's, and awful suggestion to buy gaming into a flood of insider selling. like they were just waiting for memesters to take the bait, and shows these guys don't have clue how the smokestack stocks work i agree with clean energy fuels, had the ceo on the show last week, only natural gas story for speculation. don't buy with money you can't afford to lose total gaffing of followers in petco health sold 25% short, thought could engineer a short squeeze like
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with gamestop. spiked from 22 to 28 but plummeted right back after shorts didn't fall for it. anyone who bought the spike on wsb's suggestion, annihilated. everyone is tired of the blackberry push. i get bed, bath and beyond, i like them but only care about fundamentals, amc and gamestop the only winners after wendy's, no follow-through, and cleveland cliffs, pushing steel maker as went out of style, memesters are ill canning you with recommendations, petco the worst. and amc and gamestop not looking
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good, can't survive unless monetizes the meme support if he senses how desperate they are, will sell them tens of millions of shares to take the balance sheet problems off the table. even then, amc not that high a company. wall street bets crowd will do the best need to support it because every tout needs a win now and then, don't they everybody knows it's perilous time in movie industry adam can use the stock to buy out downand out competitors but needs to go to the theaters and say we need exclusivity. will companies like disney bite? i think they should, mentioned that earlier with disney
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gamestop is down $100 from recent highs need a brilliant plan to turn it around ryan cohen has brought in crackerjacks but need to transform itself now can't hold on as brick and mortar videogame retailer. doesn't work betting can use the meme wave to remake the business but no insight what that may be tiny series of best buys maybe no desire to give us one, maybe don't have one just spitballing all day don't know if meme playbook will work with amc and gamestop but branching out, they crushed everyone who listened to them. only have enough firepower to prop up a couple of stocks at most i think nothing more than tough to read eugene o'neill plays
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the hairy ape, not planet of the apes horrendous picks, and like we used to say, the ice man cometh. i promise to find it just for you on you tomorrow. "the news with shepard smith" starts now an active nfl player kicks down the closet door and the southeast cleaning up, after tropical storm claudette makes landfall i'm shepard smith, this is the news on cnbc. destroyed homes, power outages, and more than a dozen killed tracking the fatal after math of claudette. anden an inside look at the race to get more peopl

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