tv Mad Money CNBC August 9, 2021 6:00pm-7:00pm EDT
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transports i think jet blue, not delta down from 20 near 15. >> all right thank you for watching we'll see you back here. mad money starts right now blan to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you some money my job isn't just to entertain you but to educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. this market is afflicted with a serious case of lazy thinking. and it's starting to drive me
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nuts that includes today, dow dipped 107 points, nasdaq advanced 0.16%. what is lazy thinking? it's the inability to see when your negativity is getting in the way of a good story. what happens when you let your groundless fears scare you away from high quality stocks give you real life examples to show you how things play out when you tough out the worries and believe, rather than having lazy think case in point. follow all the moves before we make them joining my club. i go over the trust portfolio by hand to see what needs to be done meets target, feels heavy, feels precarious i fall victim to lazy thinking
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almost daily i make these mistakes and almost make them myself what is lazy thinking and what does it look like for you in your portfolio i thought would get a big infrastructure deal in quicker time best steel maker on earth, a considered decision. picked up at lower prices and traded and got out, i figured made a ton of sense to get back in with the prices of steel skyrocketing and ceo telling us a great story here on the show why not go back into it? problem is, i got the timing so wrong. bought first chunk for the trust at 107 had pulled back from 111 thought it was great opportunity. then watched in horror as nucor
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tumbled to $89 fortunately picked some up on the way down, doing okay then staggering quarter and earnings estimates up. how could they not went up without infrastructure bill trust made first purchase. i do the videos for thestreet.com and we talked about nucor. my instincts said hold it, back to 107 sell sell sell gotten back to even with the trust, yes then we talked about it and i realized that was a huge mistake. that was total lazy thinking do you know the only reason i wanted to light up on it is it was where the trust initially bought it. would have done that had i not
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talked it through with jeff. infrastructure bill look to be a sure thing, there's no good reason to sell nucor now i just saw it got back to even and breathed a sigh of relief. but what does that have to do with whether or not nucor is worth owning before you pull the trigger, ask yourself why the heck am i really doing this? >> sell sell sell! >> with nucor i don't care if the stock pulls back, trillion dollar infrastructure pack oj on the way that should ignite steel sales for years to come. that's what matters, not where the stock is relative to first trade. anybody can fall victim to lazy thinking it's human nature. this thing is everywhere this morning listened to several
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people i genuinely respect about -- what? how the fed is dead wrong to keep rates so low, friday's fabulous report. you heard that or read anything, you heard it half dozen times today. one person said fed was absolutely wrong another criticized jay pal for being oblivious to the job gains, couldn't disagree more. but started to worry me. economy too high, fed would have to tighten sooner than later but so effective, i looked at biggest winners to find names to ring register on, sold costco, big gain, economy red hot, relatively expensive retail stock would have to go lower again that's the power of lazy thinking who the heck were these
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commentators who make me do anything they have been dead wrong for ages dead wrong about the fed i think jay pal is doing a fine job under extraordinary si circumstances but we're in a wacky world, where someone is keeping cruises from sailing because they're trying to keep it covid free voyage and federal government ruled unvaccinated were not a protected class, no privacy issues and no stated issue to keep it going florida is appealing, god forbid we let businesses do anything to stop the virus backing of a big state, how can the feds justify slamming brakes by raising rates doesn't have to do anything, covid is going to do it for him. more importantly, why was i momentarily willing to sell
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costco, one of my favorite shot stocks didn't miss the numbers, i was reacting to scaremongering from the inflationistas even though i disagreed with them. but they made me frightened and created thinking devoid of rigor. i had second thoughts fortunately and didn't go through. but people were convincing for you to sell your best, your pearls gas distributor linde. this one of his competitors missed earnings estimates hugely and stock dropped 5% my lazy initial reaction, sell linde before others do
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>> sell sell sell! >> horrible pit action that kind of logic is a sucker's game what does it mean to beat other sellers to the punch how does it make sense total lazy thinking. when i thought it it some more, i realized i still like them deciding when to sell is just as important as decide wing when t buy. don't let emotions guide that. trying to outrun imaginary other sellers. identify and stamp it out one stupid idea at time. bob in florida bob. >> caller: thanks for taking my call >> how can i help you? >> caller: i just had a question
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on marvel technologies, mrvl do you think could be next termite conducter boom >> i think that murphy is a absolute total hitter. that's what he is, he's a hitter first string player, more of a slot sever but got to tell you, would throw to him every single day. he's amazing, made two fantastic acquisitions, coming on, be marvel, buy buy buy. mike in wyoming where it's smoky. >> caller: hi, jim, it is smoky, can barely see the distance. >> such beautiful country. how can i help you >> caller: my stock is container store tcs. last week announced blowout earnings 35 cents per share versus expectations of 9 my wife and i shop the store, we
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have the brand closets, impressed, products impressive, always busy. question is how much outside potential do you think there is? >> i think someone should buy them i agree with you i don't understand it. my daughter loves the thing, too. i think you own. colin in michigan. >> caller: boo-yah jimmy chill >> i was making pickles, jimmy chill, labels from etsy. >> caller: none better thanks for taking my call, you put on a great show. >> we have a great staff, did geography of the floor today and worked out well. >> caller: i'm calling about miracle grill, it's been all over the place last year, now back to where i started.
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just wondering is this another stay at home plays everyone is giving up on >> it's great. if your state allows you to grow cannabis, they have the right product. so i want you to stay in it, if not, buy more. been pretty good around the country except for the smoky areas. of which, thank you firefighters i know what you're doing, one of you's my nephew. be alert for lazy thinking see if negativity getting in way of good story. zb deciding when to sell as important as when to buy bipartisan infrastructure bill cleared hurdles this weekend and hydrogen recognized as source of energy, i'm talking to expert in the field to see what it means new era has begun, new ceo at
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helm, could the online fashion be success talk to the top brass. and hard hit by coronavirus, but command returning, where is the industry now i think we have something to buy with the ceo of intos. 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. experience our advance standards safety technology
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it was my dream to be an entrepreneur based upon the examples that i had growing up. and that was important for me because you can't be what you can't see. the ey entrepreneurs access network has a tremendous impact on my business and other african american and latino entrepreneurs across this country because they give access to networks, business opportunities and capital. comcast nbcuniversal is investing in entrepreneurs to a bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports.
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we've already invested in entrepreneurs like ane swim, who develops products that provide hair protection so that everyone can enjoy the freedom of swimming. like the athletes competing in tokyo, these entrepreneurs have a fierce work ethic and drive to achieve - to change the game and inspire the team of tomorrow. this weekend the trillion
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dollar infrastructure backage cleared a bunch of procedural hurdles in the senate with broad bipartisan support makes me think it could actually pass time to look at contents of the bill that could affect your portfolio. roads and bridges, lesser known funding for clean energy, including hydrogen we've made major strides to maybe it's viable. is clean hydrogen the real deal? can we make money off it best energy analyst in the business, rusty, welcome back to "mad money." >> great to be with you to talk about something completely different. >> but something you're a specialist on. written great things on it rusty, lot of people talking here, some say that clean hydrogen is years away, some say blue hydrogen, some green.
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straighten out the terms, tell us what is in the bill, where we are with hydrogen. >> all right well you know this time it looks real, jim. and it's an absolute must to get close to the paris accords or any of the decarbonization or net zero commitments being made. big deal that really needs to happen in terms of what's going on in the market, there's really two hydrogen markets -- three if you want to think about it that way. one is the green hydrogen market that we hear so much about so much information on the internet about these days. and that's hydrogen that's made from electricity and water, just get the electricity from someplace where it's made from renewables, then when you burn the hydrogen, there is no carbon produced, so is counted as green. that's really what is attracting a lot of attention right now what a lot of people don't pay
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that much attention to is the hydrogen business that's been around for years, a huge business it's customers are refineries and ammonia and petrochemical plants as much as on biometric basis as all the gas produced in permian each day it's a big market but make it out of natural gas, and even though the hydrogen itself is clean burning, when you make it, generates a lot of co2 and call that gray hydrogen on the other hand -- >> interrupt for a sec gray hydrogen bad, green hydrogen good, right >> yeah, but there's halfway in between, that's blue hydrogen. if you take the carbon dioxide produced from making the gray hydrogen and sequester it, store it deep underground permanently forever in carbon capture and
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storage ccs and ccus, carbon capture use and storage, if you do that to it, it's essentially almost as good as green hydrogen and can do with any of the hydrogen currently used with refineries, ammonia plants and other industrial facilities that would have a hard time redoing their whole processes to get all the co2 out. >> principal source if not largest after billings for carbon -- for bad business, noxious fumes, long-haul trucking isn't that suited for green hydrogen >> absolutely. the key to long-haul trucking and green hydrogen is you take the green hydrogen and liquefy it that's the kind of hydrogen that you see plug power using for
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example. liquefies the heaydrogen, provie to the long-haul fleet operation -- trucking operations that's going to make a lot of sense. there's a number of folks besides plug power are focusing on that business. >> yeah, but if it's really so good, how come we're not hearing exxon is opening up hydrogen fuelling stations next to the truck depots >> it's going to take time to work through the whole process this is really only happening now. like you said, a lot of the incentives right now that i think are going to jump start this process are being debated right now as we speak in congress i wouldn't at all be surprised to see that development eventually but it's not quite ready for primetime yet. >> you're saying, said something very important, unless you have cheap electricity, it doesn't work >> unless you have green --
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renewable generated electricity, it doesn't work. also have to have cheap electricity, too. >> so coal-based system. people feel there's too much in the system, don't want to create more pollution when we try to create less pollution, right got to make it work. >> got to do one of two things -- make the hydrogen in way that doesn't generate carbon dioxide, co2 or you have to sequester that co2 in one of the processes i mentioned, ccs or ccus >> last question and this is toughest thing i spoke to andy marsh today, ceo of plug. i read him what linde said vested interest in hydrogen selling fast, they're saying three, five years away, plug power is saying now. green hydrogen now which is it, now or three to five years >> all of the above, jim
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for plug power, there are -- they are building five plants right now that are green hydrogen, and those are liquefied hydrogen plants, those plants are going to come on and go straight into operations. from plug power's perspective, it's now for industrial gas companies, again they've been doing gray hydrogen for decades now in terms of making transition between gray and blue it's going to take a few years, but not five, two, three, it's right in front of us. >> that's serenooner than i thot can could happen and major development for our country. you have no vested so happy to have you rusty brazile, rbn, my favorite
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sight in the morning. >> appreciate being on. >> got to stay on this plug power, it's up three today, maybe go higher. "mad money" back for the break. >> announcer: coming up, there's no great fix for staying in fashion. can stitch fix style and profile their way to snug fit for investors and consumers? cramer's got the ceo, next
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so i can realize my vision and give everything i've got to my company, and my community. i got you. for the love of people. for the love of community. for the love of progress. citi. what do we make of stitch fix? online advisory service i describe as your own digital stylist that sends new clothes on regular basis many people on our team love it. had incredible run digital business model a perfect
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fit for lockdown but this year, stitch fix cut in half from its highs, but whole e-commerce cohort has gone out of style no matter how well they're doing. but new ceo a week and a half go, we have to kick the tires. eliz elizabeth spaulding. welcome to "mad money." >> great to be here. >> got to tell you, you know we're huge fans of katrina lake and she's been on, she's still with you, executive chairman but what does the elizabeth spaulding era mean to us >> first i'm excited for here. honored and humbled to take on the role katrina has had a pioneering vision in this category,
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consumer pull for long time. you have to sort through to find what you want. stitch fix revolutionized that with data science and human judgment to help clients find what they love what got me excited was opportunity to shape next ten years. katrina and i were intentional p that covid ushered in a lot of things for us tremendous consumer change category gone from 25% online pre-covid to 40% online today, but also ushered in change for us as leadership team and business she and i really divided and conquered with a business that luckily was not burdened by stores and debt, we could lean into innovation, that's my focus as she managed the crisis. stitch fix is personalized styling but also personalizing shopping part of the reason we went on a
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tear earlier this year is people leaning into the model we've added more clients in fiscal '21 than any year on record and we've opened up doors to personal shopping as well as fix model. >> talk about the change in what people are wearing started in terrific memos that suddenly people want structured look, totally different. you come in at time when what people want has radically changed from six months ago. how are you coping with that >> one of the big benefits of our model, jim, you know this from the years you spent chatting with katrina, the power of our data. we could see it beginning of covid, athleisure up and we knew what consumers were looking for.
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earlier this year, seeing 300% increase in vacation wear, button-downs trending again for men. ability to source and style quickly, take from combination of stylist notes, shuffle, and what people are engaging with in their feed is beneficial to us also exclusive brands, like our kids business, we can use fabric platforming to get goods in little as six to ten weeks those advantages have allowed us to adapt not one single aesthetic, not just athleisure but styled around what the consumer wants in the moment. with shift back into structure but comfortable structure, we're prepared for that. >> one of the things we loved about katrina, first time i sat down with her, listen, we like to make money, profitable company, not like other guys you have unbelievable
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opportunity, lot of people come where you are now, can't think of profitability but got to take over and dominate. do you share her view you can grow and make money? >> yeah. we absolutely have amazing economic model, one of the things i got excited about, having worked in many consumer businesses and tech businesses, core model is strong and new shopping model is strong because return rates are so low because of the power of data roughly half if not less of typical apparel e-commerce return rates because of the power of the model also want to do this in efficient way but view this as land rush. consumers leaning forward into our way of shopping, we view it as moment of key behavior change getting more clients to know who stitch fix is as we've opened up new shopping platform, making sure from shareholder value
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standpoint we believe in delivering long-term cash flow to the stakeholders and growth, that's big priority. there's amazing discipline because of what katrina instilled in the business. >> talk about the delta variant right now. we all felt the pandemic was going to end, some people decided not to take shots, so now a new strain are you seeing a change, you know what, not going back to the office, let me switch again? >> we're continuing to see requests for things that signal people are coming back back-to-school business 30% increase in fix requests consumers are anticipating moving back. but we have anticipated working more at home hybrid model
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because delta variant, we were going back in september and pushed it back to keep our employees safe but taking signals how people are shopping one of the benefits if people hold back, we can help them try on clothes in comfort of their home whether or not going back to the office, school or working from home, we'll be able to adapt to that. >> one of the things i loved to your recent talk, 99% of our time in a store is looking at racks that are irrelevant. that's incredible time suck. >> yeah. absolutely one thing that was so powerful to me in joining, that's a great point. walk into department store, vast majority of what you're walking into has no relevance to me. not going to fit me, not my style or brand personalized store with stitch feed, open up the shopping feed and everything will fit you and is relevant. more we give and get
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information, better it becomes that's different idea, only showing things that will actually fit you more information we share, better we can make that store. but wouldn't you rather see things that are going to fit you versus filtering down to the items for you? >> you make as strong a case as katrina, we love the stock and idea and model thanks for coming on thanks elizabeth spaulding. >> thank you >> it's interesting stock, new ceo knows what the heck she's doing. we'll miss katrina lake but got both because she's executive chair. "mad money" is back after the break. >> announcer: coming up, caring for those we love most never more challenging after earnings, can keep the trust strong in cramer fave real
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even though covid is exploding again, many businesses are returning to prepandemic levels health care real estate investment trust, ventas when the pandemic hit, stock plunged from 63 to 13 in matter of weeks because they've got huge senior housing business and ground zero, senior housing right? maybe not so fast. right near lowest, spoke to ceo deb, she told us to have faith
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stock was at 23. if you listened to her, you have a huge gain, rebounded to 57 ventas had better than expected quarter and worse than expected guidance but when you drill down, there's a lot to like about the quarter. including improved conditions. we may have a bargain, may get a dividend boost check in with the chairman and ceo of ventas, welcome back to "mad money." >> great to see you. >> you always told me will be a time will not be over billed, lot of capital coming in and you'll pounce and double down. you bought outfit called new senior and notes full of optimism because everybody else dropped out. good way to describe it? >> you're right, we do see
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continued optimism our business will be half senior housing and beginning of what you described as double recovery, one on the supply/demand side and other coming out of the covid-19 pandemic. >> seems like the numbers you're getting week to week get better, even with delta. people must be sensing this is the safest place to be. >> it is very safe place we vaccinated over 50,000 residents, almost all the employees in the community are vaccinated so we have virtually no covid in our communities, and more importantly, that is leading to five consecutive months of
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occupancy growth we're up over 400 basis points from the low of the pandemic in mid-march, and leads at highest level since the pandemic began so we are very encouraged as soon as our communities are ready to welcome seniors and their families safely, that demand just surged right in. >> deb, i went over the public filings ahead of this interview, feel like i spent too much time talking about senior housing and not enough about the life sciences portfolio, which is extraordinary. keeps getting better and better, and that business is terrific, correct? >> absolutely. we are excited about a portfolio that's gone from 0 in 2016 to over 9 million square feet of lab space. capital flows going into basic
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research, pharma seresearch and we're right at main and main we're on the campuses of over 16 major research universities, and in san francisco and boston and on the johns hopkins campus. we're very excited about that business and frankly, we have a real competitive advantage in this intersection of academic medicine, life science and universities and we see it as big growth area. >> i know it pains you, but came on said going to make it, not issue, you were right. but want more income what do i do if i want more and own ventas >> absolutely we have a dividend of 45 cents a quarter that's very well covered because we're making substantially more than that our senior housing business has about 300 million of -- yet to
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recover from the pandemic lows and captured about 50 million of that in the second quarter so we've always believed that the dividend was big part of the total return proposition we're focused on it, it will follow cash flow growth. >> you did at the money sell program. is that completed? >> the at the money program is assisting us in the acquisition of new senior. we want to maintain a strong balance sheet and will continue to do that, that's part of the ventas profile that's completed in terms of impact on the new senior acquisition. >> the leasing business seems great. what would happen if you broke the company up into three businesses, everybody would want one of the three >> as $35 billion company, if we
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broke up into medical, office, outpatient, life science, senior housing, really would have some of the larger businesses within our space. but we have really believed in diversification story, jim, all demographically driven, all assets driven by demographic growth but within that we've benefitted greatly and shareholders have because each beats to slightly different drummer. during the pandemic over half our business in outpatient medical office and life science and health care businesses and those grew and provided stability to us and shareholders last 19 months, now hopefully senior housing will lead the way out. >> when you came on last, told us it wasn't ready yet but one day people would stop building and now you're in charge, deb, got a feeling that things are --
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>> announcer: lightning round is sponsored by td ameritrade [ bell ringing ] >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over are you ready, skee-daddy? that, ladies and gentlemen, is the conclusion of the lightning scott in florida. >> caller: thanks for taking my call couple of questions. looking at two tickers, which do you recommend, lyft or uber? >> i actually think that lyft had a better quarter, so go with
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lyft that's speculative segment tim in texas. >> caller: love your show. how are you? golden nugget online gaming, the app? >> just buying draftkings, and that's start acquisition for golden nugget people but i would ring the register, just had a big day today jonty in michigan. >> caller: boo-yah, thanks for taking call. big fan since 2006, thanks for what you do. >> thank you >> caller: global payment network. >> i think it's good discount to buy the stock. i have to tell you, i think they're very smart guys and saw giant insider buy by the ceo who
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we've had on, is very smart. good level, pick some up jim in california. >> caller: with the infrastructure bill looking like it will pass, stock all-time highs and earnings coming in, should i add more s.t.e.m. >> absolutely. that bill is great for s.t.e.m todd in california >> caller: hey big jim, thanks for taking my call question about stock i bought 12 years ago pause nice quality instruments, and it's done well for me, but i never hear about it in the news despite the good performance, wonder what you thought. >> you never hear about it because they're quiet company an it's my job to find stories like this and haven't talked about them they make good instruments
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stock is expensive but it's really good. now go to darryl in alaska >> caller: yabba dabba boo-yah >> flintstones, what's going on? >> caller: you don't receive enough credit for role as journalist ala walter cronkite i think you're america's most trusted financial reporter >> my gosh, thank you. >> caller: buy, sell or hole >> "a" is a better buy than te teradyne and that ladies and gentlemen is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade coming up, cramer wants you to
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think differently about market that often seems to work out okay stay tuned for can't miss no huddle, 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
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for years averages soared from one record high to another. been bombarded by relentless waves of negativity. the beautiful bull market never gets benefit of the doubt. all we hear is what keeps you up the night, what are you concerned about, commentators like to trot out the horribles and what you think are most damage change it up take a page from apple and think different. rather than obsessing over what could go wrong, spend time thinking about what could go
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right. put downside risk to the side, focus on the upside risk see this in research sometimes, almost downgrade something, and list things that could go wrong with the pessimistic forecast. technicians do it all the time after bizarre nearly nonstop rally, what is keeping the bears up at night? earnings season, you can only conclude most executives have done a great job coping with everything thrown at them. supply and demand issues, delta strain, not the same as andromeda strain done much better than expected even if the market hasn't always appreciated the strength second thing, worried that federal reserve will have to keep the inflation low, because it's devastating the nonunion work force in the south.
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too many businesses hurt by the virus for the fed to talk about hitting the brakes seeing over 100,000 new cases of covid per day, don't you have to error on the side of keeping it easy there's $4 trillion on the sidelines. thought it was $3 trillion but can't stay there private equity firms like blackstone and kkr may have as much a trillion dollars they need to put to work to justify their existence. but private equity can't leave cash lying around. wave of leveraged buyouts to offset the slowdowns and take overs, courtesy to the federal golf's tougher antitrust shows you how well they're
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doing. fifth upside risk, could get memed. stuck in the mud for ages waiting to close but there's a short position here. memesters struck and bought up hand over fist tomorrow morning on "squawk on the street," ceo adam aaron is our guest. congress is making progress on infrastructure package and white house extended moratorium on evictions through early october. rental property owners get less cash but people can afford to buy things or invest in the market finally bears' hedge funds keep capitulating they have to buy to keep up with the averages would rather wait for pull back
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but bull refuses to give them entry point. there's lots to worry about if you're bullish, but lot more to worry about if you're bearish. there's always a bull market somewhere and i promise to find it for you right here at "mad money. i'm jim cramer see you tomorrow news with shepard smith starts right now. a planet if you can keep it i'm shepard smith. this is "the news" on cnbc climate change irreversible and getting worse fast the dire u.n. report and why scientists warn we've now reached a point of no return the fight to control afghanistan intensified. violence and fears surge as the taliban gains ground seizing control of several large cities. >> they will not just kill me, they will kill my kids, too, you know
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